In a bold step toward expanding its Web3 financial infrastructure, Coinbase has announced the acquisition of Echo, an onchain capital-raising platform, for a reported $375 million. This deal marks one of Coinbase’s largest recent investments, aimed at enhancing its role in the decentralized finance (DeFi) and crypto startup ecosystem.
Echo specializes in onchain capital-raising and has built a reputation for enabling secure and transparent onchain capital formation—helping projects raise funds via smart contracts without relying on traditional intermediaries. Its infrastructure supports everything from token sales to structured fundraising campaigns for early-stage Web3 ventures.
Why Echo Matters in the Web3 Landscape
By integrating Echo’s services, Coinbase could offer a full-stack solution for both startups and investors looking to participate in token offerings legally and seamlessly. It also adds to Coinbase’s growing portfolio of services beyond trading, including custody, staking, and blockchain infrastructure.
Coinbase Expands Its Vision Beyond Exchanges
This move reflects Coinbase’s broader strategy: to evolve from a centralized exchange into a one-stop platform for all things Web3. With regulatory environments tightening, acquiring platforms like Echo also gives Coinbase more control over compliant capital raising, allowing it to cater to both startups and institutions in a trusted framework.
The $375 million acquisition also underscores the increasing value of infrastructure platforms in the blockchain space, as demand for onchain services and tokenized assets continues to rise.
Further details about the integration timeline and product roadmap are expected in the coming weeks.