Coinbase Acquires Echo in $375 Million Deal to Expand Crypto Fundraising Tools
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Key Facts
- Coinbase acquires crypto investment platform Echo for $375 million.
- The deal includes cash and stock; Echo specializes in token fundraising.
- Echo’s founder “Cobie” has helped projects raise over $200 million.
Coinbase has announced the acquisition of Echo, a crypto investment platform, in a $375 million cash-and-stock deal. The move signals the company’s intent to expand beyond trading into digital fundraising, using Echo’s Sonar platform to support private and public token sales. The acquisition aligns with a surge in crypto dealmaking under a more industry-friendly U.S. administration, marking another major expansion for the world’s leading crypto exchange.
Founded by crypto trader Jordan “Cobie” Fish, Echo has quickly become a key player in Web3 fundraising, helping projects raise over $200 million since its 2023 launch. Coinbase said the partnership aims to create “more accessible, efficient, and transparent capital markets,” beginning with token offerings before expanding to tokenized securities and real-world asset classes.
The acquisition follows Coinbase’s $2.9 billion purchase of crypto options provider Deribit in May, bolstering its derivatives arm and international presence. As the company builds its investment ecosystem, analysts say this deal reinforces Coinbase’s role as a bridge between traditional finance and decentralized capital markets.
