Coinbase Global Inc. announced on Tuesday that it has acquired Echo, a crypto-investing and fundraising platform, in a deal valued at approximately $375 million, as the U.S.-based exchange seeks to expand its footprint in the digital asset investment and tokenization markets.
According to Bloomberg, the acquisition marks Coinbase’s latest strategic push to diversify beyond exchange trading and staking revenues amid ongoing regulatory challenges in the United States. The transaction, which combines cash and stock, will allow Coinbase to integrate Echo’s suite of on-chain fundraising and investment tools into its ecosystem.
Echo, known for its flagship product Sonar, provides infrastructure for early-stage token fundraising, investor management, and liquidity facilitation. The platform has gained traction among both Web3 startups and institutional investors seeking compliant, transparent access to digital asset investment opportunities.
Following the acquisition, Echo will continue to operate as a standalone brand under Coinbase’s umbrella, though Sonar’s capabilities are expected to be integrated into Coinbase Prime and Coinbase Asset Management in the coming months.
“The acquisition of Echo aligns with our mission to increase economic freedom through crypto,” Coinbase said in a statement. “Echo’s technology will enable a new generation of on-chain capital formation and investment opportunities for institutional and retail clients alike.”
The deal underscores Coinbase’s broader strategy to evolve into a full-service digital finance platform, offering not just trading but also asset management, custody, and now on-chain fundraising capabilities.
Echo’s integration could also position Coinbase competitively against platforms like Binance Launchpad and Republic Crypto, both of which facilitate early-stage token investments.
The acquisition is expected to close in the first half of 2026, pending regulatory approvals and customary closing conditions.