TLDR
- Coinbase buys Echo for $375M to dominate on-chain fundraising tools.
- Echo’s Sonar joins Coinbase to scale token and real-world asset sales.
- This marks Coinbase’s 8th acquisition in a bold 2025 expansion streak.
- Coinbase sets sights on global crypto growth with major stablecoin moves.
- From Deribit to Echo, Coinbase is building a digital asset empire.
Coinbase has finalized a $375 million deal to acquire Echo, a blockchain-based fundraising platform for crypto projects. The acquisition includes a mix of cash and stock, aligning with Coinbase’s aggressive strategy to expand its product suite. This move strengthens Coinbase’s presence in on-chain fundraising as it competes for market share across global crypto sectors.
Echo: Expanding Access to Blockchain-Based Capital Raising
Echo allows crypto companies to raise funds directly on-chain through private and public token sales. The platform has facilitated over $200 million in capital since its launch two years ago. With this acquisition, Coinbase aims to broaden access to compliant and transparent fundraising tools.
The platform’s Sonar product enables public token sales and will be integrated into Coinbase’s offerings. Sonar will remain under Echo’s brand and will expand Coinbase’s reach in token-based fundraising. Coinbase plans to develop Sonar further to support tokenized securities and real-world assets.
Echo was founded by Jordan Fish, known in the crypto space as Cobie. He confirmed the acquisition shortly after the announcement through social media. The acquisition marks a significant milestone in Coinbase’s efforts to establish a dominant infrastructure for decentralized fundraising.
Coinbase Sharpens Strategic Focus with More Acquisitions
Echo marks Coinbase’s eighth acquisition this year, signaling its continued push into new business verticals. Previous purchases include options provider Deribit and token management firm LiquiFi. These deals reflect Coinbase’s plan to expand its global reach and diversify its revenue streams.
Coinbase acquired Deribit in a $2.9 billion deal earlier this year to enter the crypto derivatives space. LiquiFi added token lifecycle management capabilities to Coinbase’s institutional services. Now, Echo positions Coinbase to lead in the emerging on-chain fundraising space.
Each acquisition supports Coinbase’s mission to offer a complete suite of digital asset tools. The company continues to grow aggressively, leveraging a strong balance sheet to secure key platforms. Executives described the Echo deal as crucial to modernizing investment infrastructure in the crypto market.
Global Growth and Stablecoin Expansion Plans
Coinbase is also finalizing a deal to acquire BVNK, a stablecoin startup, for up to $2.5 billion. BVNK offers cross-border payments using stablecoins, backed by Citi and Visa Ventures. The acquisition would mark Coinbase’s largest move into the stablecoin market to date.
The company also deepened ties with India’s CoinDCX through new investment earlier this month. This shows Coinbase’s increasing interest in South Asia and other high-growth regions. The strategy aligns with the company’s broader ambitions to solidify its presence in both emerging and mature cryptocurrency markets.
Coinbase continues to pursue rapid expansion through targeted acquisitions. These moves signal its intent to dominate every major vertical in the evolving digital asset economy.
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