Cryptocurrency exchange Coinbase has captured the community’s attention with a new video shared on its X platform. The video, titled “It doesn’t have to be like this,” repeatedly highlighted terms like Launchpool and Launchches.
The community is unanimous in its view that these statements are a strong indication that Coinbase’s long-awaited Launchpad platform will be announced on November 10.
Last month, Coinbase acquired crypto investment platform Echo for approximately $375 million in cash and stock. The company stated that the move aimed to make it easier for users to raise funds and invest through the platform.
Coinbase’s move with Echo attracted attention amid a surge in mergers and acquisitions in the US, spurred by the crypto-friendly Trump administration. Just days earlier, Kraken had announced the acquisition of Small Exchange in a $100 million deal.
Coinbase’s latest video is seen as the first step towards new products to come following the Echo acquisition.
*This is not investment advice.