Coinbase Acquires On-Chain Financing Platform Echo for $375 Million

The acquisition, announced October 21, 2025, expands Coinbase’s capabilities in blockchain-based financial services.

Summary

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Terms & Concepts
  • On-Chain Financing: A blockchain-based lending and funding mechanism where transactions and agreements are executed directly on a distributed ledger.
  • Acquisition: The corporate process of purchasing another company or asset to expand operations or capabilities.
  • Blockchain: A decentralized digital ledger that records transactions across a network of computers in a secure and immutable way.