Coinbase Acquires Echo in a $375 Million Deal

Coinbase, the leading US-based cryptocurrency exchange has acquired one of the more popular platforms for crypto startups to raise capital – ￰0￱ to the official announcement, the deal was worth approximately $375 ￰1￱ Acquires Echo Echo, founded by one of the most popular crypto personalities , going by the X nickname Cobie (real name Jordan Fish), is a capital-raising platform that allows its users to participate in early-stage crypto fundraising ￰2￱ to the announcement: Echo has already made strides in opening up private markets helping projects raise $200M+ over ~300 completed deals since ￰3￱ new self-hosted public token sale product Sonar has also seen early success, helping power Plasma’s XPL token ￰4￱ deal was worth approximately $375 million and it was comprised of a mix of cash and stock, subject to customary purchase price ￰5￱ back Up Only was just the warm up.

We’ve acquired @echodotxyz , the leading onchain capital raising platform. → Joining builders with community capital → Giving investors access to new opportunities → Growing economic freedom worldwide ￰6￱ — Coinbase (@coinbase) October 21, 2025 Commenting on the matter was also Cobie himself, who said : We started building Echo around 2 years ago in an attempt to try and change the market dynamics around crypto fundraising. Today, we’re joining Coinbase, but the mission stays the same. We’re gonna use the firepower of this behemoth to provide better opportunities to investors and better fundraising options to ￰7￱ getting started. Cheers.