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M&A Deal Summary

Coinbase Acquires Echo

On October 21, 2025, Coinbase acquired business services company Echo for 375M USD

Acquisition Highlights
  • This is Coinbase’s 1st transaction in the Business Services sector.
  • This is Coinbase’s largest (disclosed) transaction.
  • This is Coinbase’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2025-10-21
Target Echo
Sector Business Services
Buyer(s) Coinbase
Deal Type Add-on Acquisition
Deal Value 375M USD

Target

Echo

London, United Kingdom
Echo is an on-chain capital raising platform that invests in early-stage cryptocurrency projects and new startups alongside notable angels. Members can join these groups and then choose, on a deal-by-deal basis, to follow the lead and invest on the same terms. The deal participants are consolidated into a single entity, which then invests in the target company. Echo was formed in 2024 and is based in London.

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Buyer(S) 1

Buyer

Coinbase

Wilmington, Delaware, United States
Category Company
Founded 2012
Sector Internet Software and Services
Employees3,772
Revenue 6.6B USD (2024)
DESCRIPTION

Coinbase is a provider of cryptocurrency wallets as well as access to cryptocurrency markets. The Company allows users to purchase Bitcoin currency and use it to purchase goods and services. Coinbase was founded in 2012 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 14 of 14
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 13
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-15 CoinDCX

Mumbai, India

CoinDCX is a crypto exchange in India and the Middle East that provides access to Web3 experiences and democratizes investments in virtual digital assets. CoinDCX was founded in 2018 and is based in Mumbai, India.

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