Windsor Drake
Transaction · Wealthtech · 2025

Coinbase / Echo 2025

Coinbase acquired Echo for $375M on November 1, 2025.

Target
Echo
Acquirer
Coinbase
Deal value
$375M
Announced
November 1, 2025
Sub-sector
Wealthtech

Transaction overview

  • Coinbase announced the acquisition of Echo on November 1, 2025 for $375M.

Strategic rationale

Acquired investment platform to expand token sales and ICO offerings to U.S. retail investors.

Deal terms & multiples

Deal value
$375M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 1, 2025
Acquirer
Coinbase (Strategic)
Sub-sector
Wealthtech

Sources

  • gizmodo.com /coinbase-wants-to-bring-back-an-ol-crypto-trend-that-ended-in-disaster-2000683714

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