Coinbase acquired the Crypto Assets investment platform ECHO for $375 million.

PANews, October 21 - According to the Wall Street Journal, Coinbase executives revealed that the company has reached a deal of approximately $375 million to acquire the Echo platform, which allows crypto companies to raise funds directly and quickly on the blockchain. This acquisition is Coinbase's eighth deal so far this year, as the company actively pursues acquisitions taking advantage of the positive momentum brought by the United States' monetary policy on crypto assets.