Coinbase has acquired on-chain capital-raising platform Echo for $375 million in cash and stock. Echo’s blockchain-based platform enables angel investors to use USDC for crypto fundraising, while its tool Sonar allows founders to run independent public token sales—Coinbase will soon integrate Sonar. This acquisition marks Coinbase’s fifth of 2025, follows its purchase of Liquifi, and positions the exchange to support the entire token lifecycle—from launch and fundraising to trading and tokenized asset management.

Coinbase Acquires On-Chain Capital Raising Platform Echo in $375M Deal