Is every centralized exchange going to participate in internet capital markets? With Coinbase's latest move, it sure feels that way. Coinbase’s $375 million acquisition of Echo.xyz signals a seismic shift in how crypto projects raise funds and how exchanges are positioning themselves as gatekeepers in the evolving narrative of onchain capital formation. Let's break it down.What Are Internet Capital Markets?Internet Capital Markets (ICMs) represent a new paradigm in finance, leveraging blockch...
