Coinbase shells out $400M on Cobie's podcast and investment firm Echo
Coinbase has paid $375 million to acquire Echo, the investment platform founded by well known crypto OG, trader, and YouTuber, Jordan Fish, a.k.a. Cobie. The exchange’s CEO, Brian Armstrong, has also paid $25 million for an NFT that revives Cobie’s UpOnly podcast with co-host LedgerStatus. Coinbase says it acquired Echo “to create more accessible, efficient, and transparent capital markets.” It also says that Echo will help projects raise capital directly from their communities via private sales or through a self-hosted public token sale using Sonar. “While we’ll start with crypto token sales via Sonar, we plan to expand support to tokenized securities and real-world assets over time, leveraging Echo’s infrastructure,” Coinbase said. Cobie said, “Echo will remain a standalone platform under its current brand for now, but we will integrate sonar’s public sale product into Coinbase.” We started building Echo around 2 years ago in an attempt to try...