Coinbase, the leading US-based cryptocurrency exchange, has acquired Echo, a popular platform for crypto startups to raise capital. According to the official announcement, the deal was worth approximately $375 million.
Coinbase Acquires Echo
Echo, founded by prominent crypto personality Cobie (real name Jordan Fish), is a capital-raising platform that allows users to participate in early-stage crypto fundraising rounds.
Echo has already made strides in opening up private markets helping projects raise $200M+ over ~300 completed deals since launch. Its new self-hosted public token sale product Sonar has also seen early success, helping power Plasma’s XPL token sale.
The deal was valued at approximately $375 million and was comprised of a mix of cash and stock, subject to customary purchase price adjustments.
Bringing back Up Only was just the warm up.
We’ve acquired @echodotxyz, the leading onchain capital raising platform.
→ Joining builders with community capital
→ Giving investors access to new opportunities
→ Growing economic freedom worldwide pic.twitter.com/NCDF7t7B08— Coinbase 🛡️ (@coinbase) October 21, 2025