Coinbase Acquires Crypto Fundraising Firm Echo for $375M

Core Insights - Coinbase has acquired Echo for approximately $375 million, a startup focused on onchain capital formation [1] - Echo has facilitated over $200 million in fundraising across around 300 deals since its inception [1] - The acquisition aims to create a "full-stack" solution for crypto fundraising, enhancing access to capital for startups and investment opportunities for investors [2] Group 1 - Echo will continue to operate as a standalone platform initially, with plans to integrate its public sale product, Sonar, into Coinbase [3] - Coinbase intends to expand Echo's infrastructure to support tokenized securities and real-world assets in the future [3] - The acquisition complements Coinbase's previous purchase of the token management platform LiquiFi, and part of the acquisition cost includes a $25 million investment in reviving Cobie's UpOnly podcast [4]