Overview
- CEO Brian Armstrong outlined a plan for startups to incorporate, raise funds in stablecoins like USDC, issue tokenized ownership, and eventually trade publicly onchain.
- Echo, the recently acquired fundraising platform that has helped more than 200 startups raise over $200 million, will operate independently for now with gradual integration into Coinbase’s infrastructure.
- Armstrong said integration would ultimately connect founders to Coinbase’s custody assets and global investor base, positioning the exchange as a hub for early-stage capital formation.
- Coinbase is in talks with U.S. regulators about modernizing accredited investor rules to broaden participation in onchain fundraising while maintaining investor safeguards.
- Dune Analytics data show Coinbase’s x402 internet payments protocol processed nearly 500,000 transactions in one week, a roughly 10,780% month-over-month jump, as analysts project Base could unlock up to $34 billion in market opportunity.