Coinbase has acquired on-chain funding platform Echo for roughly $375 million, the cryptocurrency trade introduced on Tuesday.
The deal marks the newest main acquisition for Coinbase this 12 months because it expands its function in early-stage crypto funding.
“We need to create extra accessible, environment friendly and clear capital markets,” the corporate mentioned in an announcement. “Immediately, nevertheless, founders typically battle to boost funds, and particular person traders shouldn’t have the chance to put money into non-public token gross sales.
Based by cryptocurrency podcaster Cobie, “an OG of cryptocurrencies and a long-time advocate of community-driven investing,” Echo permits initiatives to boost funding instantly from the group by way of non-public gross sales or self-hosted public token gross sales utilizing its flagship product, Sonar.
After I began constructing echo two years in the past, I knew it could fail 95% of the time. To be sincere, I couldn't think about every other end result, however I believed it’d no less than be a noble failure price attempting.
Admittedly, I didn’t suppose echo could be bought to Coinbase, however right here it’s:…
— Cobie (@cobie) October 21, 2025
Since its launch, the challenge has used the platform to boost greater than $200 million in practically 300 accomplished offers. And Echo's Sonar product has already seen early success, together with powering Plasma's XPL token gross sales, the assertion mentioned.
“On-chain capital formation is a vital and distinctive a part of the crypto ecosystem,” Coinbase CEO Brian Armstrong tweeted in response to the announcement. “We’re excited so as to add Echo and Sonar to Coinbase and supply new token entry alternatives for our clients.”
By integrating Echo's instruments, Coinbase is seeking to enable the group to extra instantly take part in fundraising by making it utterly on-chain.
Coinbase will begin by promoting crypto tokens by way of Sonar, however the firm plans to leverage Echo's infrastructure to broaden help for tokenized securities and real-world property over time, the corporate mentioned.
The acquisition combines Echo's fundraising instruments with LiquiFi, a token administration platform that Coinbase acquired in July, for token creation and cap desk administration, protecting every little thing from the launch to funding of crypto initiatives.
The deal continues Coinbase's aggressive growth all through this 12 months, beginning with on-chain promoting startup Spindl in January.
In March, we introduced on the Iron Fish staff to construct privateness options for the Base community. In Could, Coinbase agreed to amass derivatives trade Deribit for roughly $2.9 billion, with the deal reportedly anticipated to shut in August.
This month alone, Coinbase invested in Indian trade CoinDCX at a valuation of $2.45 billion and entered superior negotiations to amass British stablecoin firm BVNK for as much as $2.5 billion, in keeping with a report from Fortune.
On Monday, Coinbase paid $25 million to amass and burn NFTs tied to the UpOnly podcast Cobie co-hosted over the last bull market.
Coinbase inventory rose about 2.3% on Tuesday to hover at about $343.78 per share, in keeping with Yahoo Finance.
