Coinbase Acquires Crypto Fundraising Platform Echo for $375 Million

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…

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