Coinbase Global has struck a roughly $375 million deal to acquire Echo, a platform that allows crypto companies to quickly raise capital directly on the blockchain, executives told The Wall Street Journal. The acquisition marks Coinbase’s eighth deal so far this year, as the country’s largest crypto exchange capitalizes on momentum under President Trump’s crypto-friendly regime.
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Coinbase strikes deal for crypto-investing platform Echo
“Our goal is to make capital markets more open and accessible,” Shan Aggarwal, Coinbase’s chief business officer, told the Journal.
