Coinbase Global Inc (NASDAQ:COIN) announced on Tuesday that it will acquire cryptocurrency investment platform Echo in a cash-and-stock agreement valued at about $375 million.
The transaction would be Coinbase’s eighth deal so far this year.
Echo, which was founded in 2024 by crypto influencer Cobie, allows projects to raise funds directly from their community through private sales or by self-hosting public token sales using Sonar, its flagship product.
Since its inception, Echo has received more than $200 million in funding.
Coinbase said it will initiate crypto token sales via Sonar, before expanding support to tokenized securities and real-world assets over time, leveraging Echo's infrastructure.
The company added that it plans to combine Echo's fundraising tools with token management platform LiquiFi, which Coinbase acquired in July, to handle token creation and cap table management, to support crypto projects from launch through capital raising.