Coinbase Global, Inc. announced on Tuesday, October 21, 2025, that it will acquire Echo, a cryptocurrency investment platform, in a cash‑and‑stock transaction valued at roughly $375 million. Echo, founded in 2024 by crypto influencer Cobie, enables projects to raise capital through private sales or public token sales using its flagship product Sonar and has already secured more than $200 million in funding.
The acquisition is intended to broaden Coinbase’s ecosystem beyond trading and custody. By integrating Echo’s fundraising tools with its LiquiFi token‑management platform, Coinbase will offer end‑to‑end support for token creation, cap‑table management, and, in the future, tokenized securities and real‑world assets. This positions Coinbase as a comprehensive on‑chain capital‑raising platform for crypto projects.
Financially, the deal adds a new revenue stream and enhances Coinbase’s subscription and services portfolio. The $375 million valuation reflects Echo’s growth potential and the strategic value of its technology. The transaction is expected to close later in 2025, expanding Coinbase’s infrastructure and market reach in the rapidly evolving crypto economy.
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