Overview
- Coinbase said the roughly $375 million acquisition will be paid in a mix of cash and stock.
- Echo’s tools enable private rounds and self-hosted public token sales via its Sonar product, with more than $200 million raised across about 300 deals.
- Coinbase plans to integrate Sonar into its platform, with further product details and timing yet to be disclosed.
- The company said it intends to evolve Echo’s infrastructure to support tokenized securities and real-world assets over time.
- Echo founder Jordan “Cobie” Fish confirmed the sale on X, and Coinbase framed the deal as complementing earlier buys such as LiquiFi and Deribit.