American cryptocurrency exchange Coinbase has acquired Echo, an on-chain capital raising platform. The firm made this move to create more accessible, efficient, and transparent capital markets, especially as founders now struggle to raise funds. Coinbase plans to integrate Echo’s tool suite to cater to this shortcoming.
Coinbase to Leverage Echo’s Tools and Infrastructures
On Oct. 21, Coinbase announced the acquisition of Echo, which offers a platform for communities to invest together and provides founders with a range of options for their cap table. 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.
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 publ
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