PANews reported on October 21st that regarding the Echo acquisition, Coinbase published a post on its official blog: "Integrating Echo's tools will help us achieve more direct community participation and enable seamless on-chain connection between projects and funds. Although we will initially focus on crypto token sales through Sonar, we plan to leverage Echo's infrastructure to gradually expand support to tokenized securities and real-world assets. Through this acquisition, we are building a full-stack solution for cryptocurrency projects and investors, covering the entire process from project launch and financing to secondary market trading."

Earlier news, Coinbase acquired the cryptocurrency investment platform ECHO for $375 million