Coinbase Global Inc. has acquired Echo, a blockchain platform that facilitates fundraising for crypto companies, in a $375 million deal. This acquisition, reported by Coin Bureau, marks Coinbase's eighth such move in 2025 and underscores its strategy to diversify beyond trading services into capital formation and project support.
Echo, founded by Jordan Fish (known as Cobie in the crypto community), enables both private and public token sales directly on the blockchain, streamlining the fundraising process for greater speed and transparency. Since its launch, Echo has assisted in raising over $200 million for various projects. A key product, Sonar, allows crypto initiatives to conduct public token sales efficiently.
Shan Aggarwal, Coinbase's Chief Business Officer, emphasized the company's goal to democratize capital markets, stating, "We want more people to participate in crypto investing." By integrating Echo, Coinbase aims to offer tools for fundraising, capital management, and secondary trading, making it easier for founders to access funds and for investors to engage in early-stage opportunities.
The acquisition is expected to promote on-chain capital formation, enhancing transparency by allowing investors to track fundraising progress and project fund management. This move aligns with broader trends in combining traditional finance with blockchain solutions, strengthening Coinbase's position as a trusted digital asset platform.
Post-integration, Coinbase and Echo will collaborate to support more crypto projects, potentially encouraging wider adoption of on-chain fundraising methods and fostering growth in the digital finance ecosystem.
BTC
HYPE