Was Coinbase's Echo Acquisition a Good Deal? | Weekly Roundup

7 snips

Oct 24, 2025

The discussion kicks off with Coinbase's bold $375 million acquisition of Echo, raising questions about its strategic value. There's a lively debate on whether this mirrors past crowdfunding failures or serves as a necessary launchpad. The hosts also dive into FalconX's purchase of 21Shares, expanding institutional product offerings. On the regulatory front, they explore the implications of a potential skinny master account for fintechs. Expect insights on market trends, recent funding rounds, and personal picks from the hosts for a fun and informative listen!

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INSIGHT

Coinbase Wants To Own Capital Formation

Coinbase's strategic goal is to become the place for capital formation.
Controlling where new tokens are born lets Coinbase capture initial liquidity and listing flow.

INSIGHT

Crowdfunding Platforms Often Hit A Ceiling

Crowdfunding platforms historically struggle with adverse selection and scaling beyond a few standout deals.
Rob Hadick warns many such platforms plateau after early wins and fail to build durable standalone businesses.

ANECDOTE

Kobe's Brand Adds Industry Credibility

Santiago says Kobe's brand alone materially improves Coinbase's standing in crypto.
He compares Echo's brand value to the utility Binance gained from Launchpad.

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