TL;DR
- Coinbase has acquired the onchain investment platform Echo for $375 million, enhancing its range of products and services for the crypto market.
- Echo will continue operating under its brand, while Sonar, its public token sale product, will be integrated into the exchange’s services.
- Coinbase shares rose 2.31% following the announcement; the company maintains a market capitalization of $88.3 billion.
Coinbase announced the acquisition of Echo, an onchain investment platform, for $375 million, improving its product and service offering for the crypto market.
The deal, confirmed by Echo founder Jordan Fish, also known as Cobie, will be financed through a combination of cash and stock, with details to be disclosed in the coming days.
What’s Next for Echo?
Echo focuses on private cryptocurrency investments and also offers public token sale products. After the acquisition, the platform will continue operating under its own brand, while Sonar, its public token sale product, will be integrated into Coinbase’s services. This integration will allow the company to provide users with a range of products that were previously limited to institutional investors.
This marks Coinbase’s eighth acquisition in 2025, adding to purchases like Deribit and LiquiFi, as well as a $25 million investment in an NFT linked to the UpOnly podcast, aimed at strengthening the company’s presence in crypto analysis and educational content. These moves demonstrate that the exchange is expanding its ecosystem and seeking to offer more comprehensive solutions to its clients.
Coinbase Rises in the Market
The market reacted positively to the announcement: Coinbase shares closed at $343.78 on Monday, up 2.31% from the previous day and up 33% year-to-date. The company holds a market capitalization of $88.3 billion, highlighting its ability to execute strategic acquisitions that strengthen its products and services.
With Echo, Coinbase will enhance its technological infrastructure and expand its offering of private and public crypto investments, establishing itself as a centralized platform for different types of investors in the crypto market
