The post Coinbase Acquires Echo Crowdfunding Platform For $375M appeared on BitcoinEthereumNews.com. Major US cryptocurrency exchange Coinbase has acquired Echo, a platform that allows communities to raise capital targeting early-stage projects and startups. Coinbase struck a $375 million deal to acquire Echo, a crowdfunding platform founded by crypto trader Jordan Fish, known in the community as Cobie, the company announced on Tuesday. The acquisition came the day after Coinbase sent $25 million in USDC (USDC) to Cobie’s wallet to acquire and burn a non-fungible token (NFT) and revive his UpOnly podcast. “I certainly didn’t think Echo would be sold to Coinbase, but here we are: Today Coinbase bought Echo for about $375 million,” Cobie wrote on X. Ethena was the first project to raise with Echo  The acquisition came less than two years after Cobie launched Echo in beta in April 2024 with a mission to enable communities to invest together in private funding rounds. In the eight months since launching, the platform has raised at least $51 million in funding, with 131 deals closed, including Ethena, a synthetic dollar protocol behind one of the fastest-growing yield-bearing stablecoins on the market, USDe (USDE). Source: Cobie According to Cobie, Ethena was the first project to fundraise using Echo, highlighting the platform’s sharp focus on early-stage investing. In May, Echo introduced Sonar, a software product allowing founders to self-host public token sales on their own terms and preferred blockchains such as Hyperliquid, Base, Solana or Cardano. Echo will remain standalone…“for now” Following Coinbase’s acquisition, Echo will remain a “standalone platform under its current brand for now,” Cobie said in an X post on Tuesday, adding that the Sonar product will be integrated into Coinbase. The integration will “likely” introduce new ways for founders to access investors, who will have new investment opportunities on Coinbase, he added. Source: Cobie “Integrating Echo’s tools will help us… The post Coinbase Acquires Echo Crowdfunding Platform For $375M appeared on BitcoinEthereumNews.com. Major US cryptocurrency exchange Coinbase has acquired Echo, a platform that allows communities to raise capital targeting early-stage projects and startups. Coinbase struck a $375 million deal to acquire Echo, a crowdfunding platform founded by crypto trader Jordan Fish, known in the community as Cobie, the company announced on Tuesday. The acquisition came the day after Coinbase sent $25 million in USDC (USDC) to Cobie’s wallet to acquire and burn a non-fungible token (NFT) and revive his UpOnly podcast. “I certainly didn’t think Echo would be sold to Coinbase, but here we are: Today Coinbase bought Echo for about $375 million,” Cobie wrote on X. Ethena was the first project to raise with Echo  The acquisition came less than two years after Cobie launched Echo in beta in April 2024 with a mission to enable communities to invest together in private funding rounds. In the eight months since launching, the platform has raised at least $51 million in funding, with 131 deals closed, including Ethena, a synthetic dollar protocol behind one of the fastest-growing yield-bearing stablecoins on the market, USDe (USDE). Source: Cobie According to Cobie, Ethena was the first project to fundraise using Echo, highlighting the platform’s sharp focus on early-stage investing. In May, Echo introduced Sonar, a software product allowing founders to self-host public token sales on their own terms and preferred blockchains such as Hyperliquid, Base, Solana or Cardano. Echo will remain standalone…“for now” Following Coinbase’s acquisition, Echo will remain a “standalone platform under its current brand for now,” Cobie said in an X post on Tuesday, adding that the Sonar product will be integrated into Coinbase. The integration will “likely” introduce new ways for founders to access investors, who will have new investment opportunities on Coinbase, he added. Source: Cobie “Integrating Echo’s tools will help us…