Coinbase he went into a shopping frenzy.
On October 21, the cryptocurrency exchange announced that it was acquiring early stage investment platform Echo for $375 million in money and equity.
Notably, the acquisition marked the San Francisco-based company’s eighth acquisition in 2025, in keeping with acquisition data. Wall Street Journal. Of the eight transactions, three involved undisclosed corporations.
Overall, since its founding in 2012, Coinbase has acquired dozens of corporations, in keeping with Crunchbase data. In addition to Echo, it announced purchases of the following startups in 2025:
- In January he acquired IronCypriot unit BUKSas a part of European expansion. Stryk offers CFD trading services to European residents via the app. Financial terms weren’t disclosed
- Coinbase also gained in value in January Spindlea 3-year-old San Francisco startup that has developed a blockchain-based attribution system to assist corporations speed up user growth.
- In May he acquired It will probably be ridiculeda 10-year-old cryptocurrency derivatives exchange based in the Netherlands, offering options, futures and spot trading on digital assets.
- Then in July, Coinbase acquired LiquifiA 4-year-old San Francisco-based startup that helps crypto corporations automate token vesting and locking, and manage token limit tables. Liquifi was the self-proclaimed “card for cryptocurrencies.”
- Now it has announced purchase plans Echoa digital onchain platform that helps communities invest together and goals to supply founders with more cap table options.
From the data, the Coinbase buying frenzy appears to be occurring with high frequency.
Cryptocurrency failure and recovery
For example, in 2018 it acquired eight well-known corporations. And then in 2021, it acquired seven high-profile corporations. However, most years he only acquired one or two corporations.
Interestingly, 2018 was defined by what was described as the “Great Crypto Crash,” or the massive market sell-off following the boom that occurred in 2017. The situation improved into 2021, with the cryptocurrency boom and the rise of NFTs and DeFi. In November, Bitcoin reached an all-time high of $68,000.
After several difficult years with many arrests FTX founder Sam Bankman-Fried AND Binance CEO and founder Changpeng ZhaoBitcoin rebounded to achieve an all-time high in 2025. On October 15, prices reached $113,156.57.
Announcing its plan to accumulate Echo, Coinbase he said each corporations shared a similar mission to “democratize early-stage investing so more people can support the next generation of disruptive companies.”
The purchase complemented its earlier acquisition of Liquifi, Coinbase said, noting that: “While Liquifi has strengthened our ability to support construction companies as they begin their journey, Echo extends this support to fundraising.”
However, the largest acquisition thus far in 2025 was the purchase of Deribit for $2.9 billion.
Meanwhile, Coinbase’s market capitalization as of October 23 was slightly below $83 billion, while Coinbase’s stock value is up greater than 25% year-to-date.