Coinbase Acquires Echo in a $375 Million Deal

Coinbase, the leading US-based cryptocurrency exchange has acquired one of the more popular platforms for crypto startups to raise capital – Echo. According to the official announcement, the deal was worth approximately $375 million.

Coinbase Acquires Echo

Echo, founded by one of the most popular crypto personalities, going by the X nickname Cobie (real name Jordan Fish), is a capital-raising platform that allows its users to participate in early-stage crypto fundraising rounds.

According to the announcement:

The deal was worth approximately $375 million and it was comprised of a mix of cash and stock, subject to customary purchase price adjustments.

Commenting on the matter was also Cobie himself, who said:

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