Coinbase Acquires Echo for $375 Million: Integration of Sonar into Platform

Coinbase Global Inc., a leading cryptocurrency exchange, has acquired Echo, a specialized blockchain investment platform, for a substantial $375 million. The deal will be finalized through a combination of cash and stock, as confirmed by Jordan Fish, the founder of Echo, known widely as Cobie, on social media. While Echo will retain its distinct brand identity temporarily, its token sales tool, Sonar, is set to seamlessly integrate into Coinbase’s ecosystem. }