Coinbase signs $375 million deal for crypto investment platform Echo

Group 1 - Coinbase has acquired investment platform Echo in a deal valued at nearly $375 million, aiming to enhance its fundraising tools [1] - The digital assets industry is experiencing increased deal-making activity, supported by a crypto-friendly administration in the U.S. [1] - Echo's platform facilitates capital raising and investment for the crypto community through private and public token sales [2] Group 2 - Coinbase plans to initially focus on crypto token sales via Echo's Sonar platform, with future plans to support tokenized securities and real-world assets [3] - Echo, founded by Jordan Fish (known as "Cobie"), has assisted crypto projects in raising over $200 million since its inception two years ago [3] - In May, Coinbase completed a $2.9 billion acquisition of crypto options provider Deribit, enhancing its derivatives portfolio and international presence [4]