Coinbase has made another major move in the crypto industry, agreeing to acquire Echo, a digital investment and fundraising platform, in a $375 million cash-and-stock deal. The acquisition aims to enhance Coinbase’s ecosystem with capital-raising tools for crypto projects and pave the way for future ventures into tokenized securities and real-world assets.
Founded by well-known crypto trader Jordan Fish (“Cobie”), Echo’s Sonar platform enables both private and public token sales, helping startups raise over $200 million since its 2022 debut. Coinbase said in a statement that it intends to make capital markets “more accessible, efficient, and transparent” by integrating Echo’s technology.
The deal comes as crypto mergers accelerate in a friendlier U.S. regulatory climate. Last week, Kraken announced a $100 million purchase of Small Exchange to expand its derivatives business, while Coinbase continues to grow following its $2.9 billion acquisition of Deribit earlier this year.
By acquiring Echo, Coinbase strengthens its position as a comprehensive financial hub for digital assets, broadening beyond trading into fundraising and investment infrastructure — a key step as tokenized finance gains mainstream traction.
