Coinbase to Acquire Blockchain Fundraising Platform Echo for $375 Million
Coinbase’s acquisition of Echo emphasizes its strategy to expand services in blockchain-based fundraising, integrating Echo’s Sonar platform to enhance investment opportunities.
Summary
On October 20, 2025, Coinbase announced its acquisition of Echo, a blockchain-based fundraising platform, for $375 million. Echo’s Sonar platform will be integrated into Coinbase, offering new fundraising tools. Echo has raised over $200 million across 300 deals, aligning with Coinbase's broader expansion strategy in the blockchain ecosystem.
Terms & Concepts
- Blockchain Fundraising Platform: A digital infrastructure that allows companies to raise capital directly on the blockchain through token sales or other decentralized mechanisms.
- Acquisition: A business transaction in which one company purchases most or all of another company's shares or assets to gain control of it.