Home / Business and Economy / Coinbase Expands Crypto Funding Platform with $375M Echo Acquisition
Coinbase Expands Crypto Funding Platform with $375M Echo Acquisition
17 Nov
Summary
- Coinbase acquires Echo, a platform for Web3 companies to raise capital
- Echo has raised $200M for over 300 projects since launching last year
- Coinbase aims to reduce reliance on cryptocurrency trading revenue
In November 2025, Coinbase (NASDAQ: COIN) has made a strategic move to diversify its revenue streams by acquiring Echo, a platform that allows early-stage Web3 companies to raise capital directly. The $375 million acquisition is Coinbase's eighth deal this year, as the company seeks to reduce its reliance on volatile cryptocurrency trading revenue.
Echo has been operating since last year and has already raised $200 million for over 300 projects. The platform utilizes blockchain smart contracts to handle the funds, check investor eligibility, and ensure compliance requirements are met. Coinbase plans to integrate Echo's Sonar product, a public platform where projects can host their own sales, into its product mix, while keeping Echo as a stand-alone offering.
The acquisition of Echo aligns with Coinbase's July 2025 acquisition of LiquiFi, a token distribution and vesting platform. Together, these deals allow Coinbase to support early-stage crypto projects throughout their lifecycles, from fundraising to token management. Crypto entrepreneurs can now build their projects and access capital in the same place, further strengthening Coinbase's position as a leading player in the Web3 ecosystem.
