Coinbase (COIN) has acquired Echo, a startup focused on onchain capital formation, for approximately $375 million.
Founded by a longtime crypto figure known by its Cobie pseudonym, Echo has helped projects raise over $200 million across roughly 300 deals since launch.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>
Trending: Pilots On Commercial Flight Hear Banging On Cockpit Door, Make Abrupt Emergency Landing
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
The platform allows startups to raise funds directly from their communities, either privately or through self-hosted public token sales using a product called Sonar.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!