Overview
- Coinbase agreed to acquire Echo for about $375 million in a cash‑and‑stock transaction, according to company statements and news reports.
- Echo will keep operating under its brand for now, with Coinbase planning to integrate Echo’s Sonar product for self‑hosted public token sales.
- Founded by Jordan Fish (Cobie) about two years ago, Echo has facilitated more than $200 million across roughly 300 deals.
- Coinbase said the deal helps build a full‑stack capital formation offering and complements its earlier LiquiFi acquisition, following other 2025 moves including a Deribit deal and an investment in CoinDCX.
- Markets reacted positively on the day of the announcement, with Coinbase shares up about 2.3% as details such as the exact cash‑stock split and integration timeline were not disclosed.