附近上门

has been on a buying spree.

On Oct. 21, the publicly traded crypto exchange announced that it is early-stage investing platform for $375 million in cash and equity.

Notably, the acquisition marked the eighth buy for the San Francisco-based company in 2025 so far, according to . Of those eight deals, three involved undisclosed businesses.

Overall, since its 2012 inception, Coinbase has acquired dozens of companies, per 附近上门 . Besides Echo, it announced purchases of the following startups in 2025:

• In January, it acquired , the Cyprus-based unit of , as part of a European expansion. Stryk offers CFD trading services to European residents through an app. Financial terms were not disclosed
• Also in January, Coinbase picked up , a 3-year-old San Francisco-based startup that developed a blockchain-based attribution system to help businesses accelerate user growth.
• In May, it acquired , a 10-year-old cryptocurrency derivatives exchange offering options, futures and spot trading for digital assets based in the Netherlands.
• Then in July, Coinbase acquired , a 4-year-old San Francisco-based startup that helps crypto companies automate their token vesting and lockups, and manage their token cap table. Liquifi was a self-described 鈥淐arta for crypto.鈥�
• Now it has announced plans to buy , an onchain digital platform that helps communities invest together and aims to give founders more options for their cap table.

Coinbase鈥檚 buying sprees seem to come in spurts, according to the data.

Crypto鈥檚 crash and recovery

For example, in 2018, it acquired eight known companies. And then in 2021, it picked up seven known companies. But most years, it acquired only one or two companies.

Interestingly, 2018 was defined by what has been described as the 鈥淕reat Crypto Crash,鈥� or a massive market sell-off after the boom that took place in 2017. Things had rebounded by 2021, which saw a bull market for crypto and the rise of NFTs and DeFi. That November, Bitcoin hit an all-time high of $68,000.

After a bumpy few years, which saw the arrests of founder and CEO and founder , Bitcoin has rebounded, surging to an all-time high in 2025. Prices reached $113,156.57 on Oct. 15.

In announcing its plan to acquire Echo, Coinbase the two companies shared a similar mission of 鈥渄emocratizing early-stage investing, so that more people can support the next generation of breakthrough companies.鈥�

The buy complemented its earlier acquisition of Liquifi, Coinbase said, noting that: 鈥淲hile Liquifi strengthened our ability to support builders at the start of their journey, Echo extends that support into fundraising.鈥�

The largest of its acquisitions in 2025 so far, though, was its $2.9 billion buy of Deribit.

Meanwhile, Coinbase鈥檚 market cap as of Oct. 23 hovered just under $83 billion, while its stock is up over 25% year to date.

Related 附近上门 list:

Related Reading:

• Shares of Blockchain Lender Figure Surge 24% Higher In First Day On Nasdaq
• Circle Shares Soar 168% In First Day On NYSE, Potentially Unlocking IPO Market
• Why More Startups Are Buying Other Startups In 2025

Illustration: