In brief
- Coinbase acquired Echo, an onchain fundraising platform founded by crypto figure Cobie, for approximately $375 million.
- The acquisition brings Echo’s private investment tools and public token sale product Sonar into Coinbase’s ecosystem, having facilitated over $200 million across roughly 300 deals since launch.
- The deal complements Coinbase’s July purchase of token management platform LiquiFi.
Coinbase has acquired Echo, an onchain fundraising platform, for approximately $375 million, the crypto exchange announced Tuesday.
The deal marks another major acquisition this year for Coinbase as it expands its role in early-stage crypto funding.
“We want to create more accessible, efficient, and transparent capital markets,” the…