Exchanges· ★★★★· bullish·

Coinbase closes $375M Echo acquisition to expand on-chain capital formation

  • —Coinbase completed the $375 million acquisition of Echo
  • —Armstrong called on-chain capital formation a major crypto opportunity
  • —The company is building an integrated on-chain capital markets stack
  • —Initiatives include Project Diamond for digital fundraising
Why it matters: The largest US exchange is betting on on-chain capital formation, which could accelerate institutional inflows into blockchain-based financing.
Source: Coinfomania
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