Crypto exchange Coinbase is stepping up its expansion drive with a new deal aimed at deepening its role in blockchain-based fundraising.
- Coinbase is acquiring Echo for approximately $375 million in cash and stock to enhance on-chain fundraising tools.
- The deal builds on recent investments in India’s CoinDCX and the potential acquisition of stable-coin platform BVNK.
- These moves reflect the exchange’s broader push to expand into crypto sectors globally.
Coinbase, in its latest expansion effort, has agreed to acquire Echo, a blockchain platform designed to let crypto companies quickly raise capital directly on-chain. According to a recent Wall Street Journal report, the deal is worth about $375 million.
Echo’s technology gives crypto startups and established firms access to fundraising tools by enabling capital to flow directly and securely via blockchain networks. With this purchase, the trading platform aims to enhance its product suite by tapping into the growing demand for transparent, on-chain financing solutions.
Executives at Coinbase described the deal as an effort to deliver more robust investment infrastructure for the ecosystem, fitting into broader plans to dominate new segments of the crypto market. The exchange will fund the acquisition with a mix of cash and stock, illustrating confidence in the platform’s potential as well as strong balance sheet management.
The deal with Echo shows the company’s focus on bringing innovative capital tools to crypto businesses as its Ventures division continues to seek strategic opportunities.
Coinbase’s global investment drive accelerates
In other recent investments, the exchange has continued to broaden its presence across major crypto markets and platforms. Earlier this month, the exchange giant made a new strategic investment in CoinDCX, the largest crypto exchange in India. This marks a renewed focus on rapidly growing markets in South Asia and the Middle East, and follows earlier involvement in CoinDCX’s funding that valued the company at $2 billion.
The U.S.-based exchange is also in advanced talks to acquire stablecoin startup BVNK in a deal estimated between $1.5 billion and $2.5 billion. The London-based firm helps businesses transfer money internationally using stablecoins, drawing major investments from the likes of Citi Ventures and Visa Ventures. Securing BVNK would mark Coinbase’s largest deal in the rapidly expanding stablecoin sector.
Coinbase’s investments and acquisitions reflect a strategy aimed at capturing growth opportunities across both emerging and mature crypto markets.
