Coinbase announced its acquisition of onchain fundraising platform Echo for $375 million on October 22, 2025, as stated by Brian Armstrong, CEO of Coinbase.
The Echo acquisition underscores Coinbase’s strategy to dominate token lifecycle management, impacting Ethereum-based assets and prompting strategic shifts in the crypto fundraising landscape.
Crypto exchange Coinbase acquires Echo, an onchain fundraising platform, for $375M to enhance token lifecycle services.
Coinbase finalized the acquisition of Echo, an innovative onchain fundraising platform, for $375 million. This move underscores Coinbase’s commitment to enhancing its token lifecycle services by integrating Echo’s capabilities.
Fundraising Dynamics Shift with Coinbase’s Echo Acquisition
The acquisition reshapes the fundraising landscape with Coinbase’s extended platform reach. Initial community reactions vary, with discussions focusing on Coinbase’s growing influence and centralized control over token offerings.
Integrating Echo may enhance Ethereum-based assets, aligning with Coinbase’s approach. Historical Echo data shows $200M raised, suggesting potential shifts in fundraising dynamics following expanded Coinbase user access.
Coinbase’s Strategy: From Liquifi to Echo
Coinbase’s purchase of Echo follows its earlier acquisition of Liquifi. This vertical integration strategy in the crypto space is a marked departure from competitors’ focus solely on wallets or data-related platforms.
Experts suggest that Coinbase’s acquisitions create a consolidated token offering ecosystem, distinct from rivals. Continued regulatory attention, especially regarding tokenized securities, may influence outcomes as Coinbase expands its market position.
Echo’s Journey
“When I started building Echo 2 years ago, I knew it had 95% chance of failing. I certainly didn’t think Echo would be sold to Coinbase, but, here we are.”
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