Coinbase Secures Echo in a $375 Million Acquisition
The leading U.S. cryptocurrency exchange, Coinbase, has finalized an acquisition of the fundraising platform Echo for approximately $375 million.
Coinbase, the largest cryptocurrency exchange in the United States, has successfully acquired the popular fundraising platform Echo. This deal comes just after Coinbase’s earlier purchase of UpOnly NFT for $25 million and is valued at about $375 million.
Coinbase Acquires Echo
Echo, founded by a prominent figure in the crypto community, known online as Cobie (real name Jordan Fish), is a platform designed for early-stage crypto fundraising. Its services allow users to engage in capital-raising activities.
According to an announcement from Coinbase:
Echo has already made strides in opening up private markets helping projects raise $200 million+ over roughly 300 completed deals since launch. Its self-hosted public token sale product, Sonar, has also been successful in assisting Plasma’s XPL token sale.
The acquisition, consisting of both cash and stock, is estimated at $375 million and may include customary purchase price adjustments.
“Bringing back Up Only was just the warm-up. We’ve acquired @echodotxyz, the leading on-chain capital-raising platform.\n> → Connecting builders with community capital\n> → Providing investors with new opportunities\n> → Promoting economic freedom globally pic.twitter.com/NCDF7t7B08” — Coinbase 🛡️ (@coinbase) October 21, 2025
Cobie commented on the acquisition, affirming:
“We started building Echo around two years ago to change market dynamics in crypto fundraising. Today, we’re joining Coinbase, yet our mission remains unchanged. We will leverage their resources to offer better opportunities for investors along with enhanced fundraising options for founders. Just getting started. Cheers.”
