Coinbase buys Cobie’s Echo crypto-investing platform for $375M
Crypto Briefing
Coinbase has acquired crypto-investing platform Echo, founded by Cobie, for $375 million to expand its institutional services.Summary
Coinbase, the US-based cryptocurrency exchange, announced the acquisition of Echo, a crypto-investing platform founded by influencer Cobie, for $375 million. This strategic purchase aligns with Coinbase's ongoing strategy to expand its ecosystem and bolster its institutional offerings through targeted acquisitions of trading and analytics platforms. The move follows Coinbase's recent pursuit of the derivatives platform Deribit and its efforts to integrate with major financial entities like JPMorgan via its Base layer-2 network, emphasizing a focus on comprehensive ecosystem growth.
(Source：Crypto Briefing)