Coinbase Swallows Echo: Crypto’s New Plaything? 🐢💰

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In a move that would make even the most jaded stockbroker blush, the venerable American cryptocurrency exchange Coinbase has swallowed up Echo, a platform that lets communities invest together. Their lofty aim? To craft a world where capital markets are as accessible as a well-stocked bar and as transparent as a glass of gin. One can only hope the founders, who’ve been struggling to raise funds like a man trying to catch a bus in a hurricane, will find solace in this new arrangement. 🧠💸

Coinbase to Leverage Echo’s Tools and Infrastructures

On Oct. 21, Coinbase, ever the romantic in the realm of digital assets, declared its love for Echo, a platform that lets communities invest together. Such platforms have become necessary, considering the struggles that founders face to secure funding. On one hand, there is the unavailability of opportunities for individual investors to invest in private token sales. One might say it’s like trying to buy a ticket to a sold-out concert with a wallet made of cardboard. 🎟️🧱

Echo boasts of a range of tools, which, when integrated, would allow several projects to raise capital directly from their community. They could achieve this through a private sale or by self-hosting a public token sale using Sonar. Ultimately, the goal is to make fundraising more inclusive, transparent, and efficient, per Coinbase’s post. One wonders if “efficient” here means “less likely to make you question your life choices.” 🤷‍♂️

It has completed more than 300 deals, helping projects raise over $200 million. Meanwhile, Coinbase’s move aligns with the Echo’s strong vision, which is, “… democratizing early-stage investing, so that more people can support the next generation of breakthrough companies.” A vision as noble as a penguin’s attempt to fly. 🐧

Beyond the capital, the American digital asset service provider is keen on enhancing its community participation. Coinbase believes that it can achieve this feat with Echo. In addition to allowing crypto token sales via Sonar, it intends to leverage Echo’s infrastructure to support tokenized securities and Real-world Assets (RWAs) in the near future. One can only imagine the chaos if they start listing RWAs. 🏗️⚡

Coinbase Seeks Expansion Across Several Jurisdictions

The latest deal with Echo further strengthens the crypto exchange’s position in the digital asset sector. Also, Coinbase is seeking expansion into more countries and across several projects. In mid-October, it strengthened its footprint in India with a fresh investment in CoinDCX, one of India’s biggest cryptocurrency exchanges. A move as bold as a man wearing a hat in a hurricane. 🌪️🎩

Coinbase was quite strategic with its investment in this exchange. CoinDCX boasts of a user base of over 20 million, annualized revenue of ₹1,179 crore, which is equivalent to $141 million, and total transaction volumes of ₹13.7 lakh crore, about $165 billion. A number so large, it makes a grown man weep. 🥺

Soon, Coinbase may consider listing more BNB projects, especially after it added the BNB token to the list of new Coinbase coins. One can only imagine the chaos if they start listing BNB on a Tuesday. 📅💥

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2025-10-21 15:51