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Coinbase is buying Echo, an onchain private investment platform, for $375 million.
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The deal marks Coinbase’s eighth acquisition this year.
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Echo’s founder confirmed the sale and said it will remain an independent brand for now.
Major Expansion for Coinbase
Coinbase has agreed to acquire Echo, an onchain investment platform known for tokenized fundraising and community-led investment tools, for $375 million, according to The Wall Street Journal. The purchase will be funded through a mix of cash and stock.
Echo’s founder, Jordan Fish — better known online as Cobie — confirmed the deal on X, writing that the company will continue operating under its current name while integrating its public token sale product, Sonar, into Coinbase’s ecosystem.
Part of Coinbase’s Growing Portfolio
This marks Coinbase’s eighth acquisition in 2025. Earlier this year, it bought Deribit and LiquiFi, and more recently spent $25 million to acquire the UpOnly NFT brand. The acquisitions reflect Coinbase’s strategy to expand across multiple sectors — from derivatives to onchain finance and media.
Market Reaction
Coinbase stock closed at $343.78 on Monday, up 2.31% for the day and 33% year-to-date, giving the company a market capitalization of $88.3 billion. The deal underscores Coinbase’s aggressive growth push as it cements its position as the leading U.S. crypto exchange building a multi-product ecosystem.
