Coinbase Acquires Echo in $375 Million Move to Strengthen Crypto Fundraising Infrastructure

The Exchange’s Latest Purchase Builds on Its Growing Investment and NFT Portfolio

Coinbase, the largest cryptocurrency exchange in the United States, has finalized the acquisition of Echo — a leading platform that connects investors with early-stage blockchain projects. The deal, valued at roughly $375 million, marks another major expansion for the company following its recent $25 million purchase of the UpOnly NFT platform.

Echo’s Role in Crypto Fundraising

Founded by well-known crypto figure Jordan Fish, widely recognized in the digital asset community as Cobie, Echo has quickly gained traction as a hub for token fundraising and startup investment. The platform enables users to access private and public crypto funding rounds, opening new channels for project financing in the decentralized economy.

Since its inception, Echo has facilitated more than $200 million in capital raised across over 300 completed deals. Its latest product, Sonar, introduces a self-hosted token sale mechanism that has already powered several successful launches, including the recent Plasma XPL token offering.

Strategic Value for Coinbase

The $375 million acquisition — structured through a combination of cash and stock — underscores Coinbase’s continued effort to diversify beyond exchange operations and deepen its influence across the broader blockchain ecosystem.

Through Echo, Coinbase gains a powerful tool for supporting early-stage project funding, enhancing access for institutional investors and retail participants interested in Web3 innovation. The move aligns with Coinbase’s broader goal of bridging traditional finance with decentralized fundraising infrastructure.

The integration is expected to expand Coinbase’s suite of investment and fundraising products while improving transparency and compliance standards for digital asset offerings.