Coinbase, a major player in the crypto exchange world, is set to acquire Echo, a top onchain investment platform, for about $375 million. This marks Coinbase’s eighth significant acquisition in 2025.
The deal involves a mix of cash and Coinbase stock, boosting the exchange’s involvement in blockchain-based capital markets and early-stage token offerings.
The company revealed plans on Tuesday to incorporate Echo’s main tool, Sonar, into its system. Sonar allows blockchain startups to raise funds directly from investors, enhancing transparency and accessibility.
By bringing Echo onboard, Coinbase intends to create a more inclusive and efficient fundraising environment. This integration will simplify capital access for founders and enable investors to participate directly in token sales through blockchain, minimizing barriers and intermediaries.
Jordan “Cobie” Fish, Echo’s founder and renowned crypto trader, confirmed the acquisition on social media, expressing surprise yet acknowledging the brand will remain independent for now.
Since its inception, Echo has facilitated over $200 million in fundraising across 300+ projects, offering tools that help startups and communities grow together.
Coinbase plans to leverage Echo’s technology to explore beyond traditional token sales, including tokenized securities and real-world asset offerings.
This acquisition is part of Coinbase’s strategic expansion in 2025, following previous acquisitions of Deribit, LiquiFi, and an NFT asset tied to the UpOnly podcast brand.
