Announcement for November 10th – Here’s what we think

Cryptocurrency exchange Coinbase has caught the attention of its community with a new video shared on its X platform. The video, titled “It Doesn’t Have to Be This Way,” repeatedly emphasized terms like Launchpool and Launchches.

The community agrees that these statements are a strong indication that Coinbase’s long-awaited Launchpad platform will be announced on November 10th.

Last month, Coinbase acquired cryptocurrency investment platform Echo for approximately $375 million in cash and stock. The company said the move aims to make it easier for users to raise funds and invest through the platform.

Coinbase and Echo’s moves drew attention amid a surge in M&A activity in the U.S. due to the crypto-friendly Trump administration. Just a few days ago, Kraken announced it would acquire Small Exchange in a $100 million deal.

Coinbase’s latest video is seen as the first step toward new products following the Echo acquisition.

*This is not investment advice.