Cyprus Mail
Banking and Finance Business Cryptocurrencies International

Coinbase upsizes debt offering to $2 bln

coinbase cyprus mail reuters

US cryptocurrency exchange Coinbase Global Inc (COIN.O) said on Tuesday it increased the size of its debt offering to about $2 billion from previously announced $1.5 billion, citing market interest.

The offering will be used to invest in product development and potential mergers and acquisitions, the company said.

The fundraising plans come less than a week after Coinbase said US regulators would sue the exchange if it went ahead with plans to launch a program allowing users to earn interest by lending digital assets.

Related posts

Property too expensive, crypto too uncertain, how about a sports car?

Kyriacos Nicolaou

Universal Music dances to $55 billion in electric stock market debut

Reuters News Service

Cyprus Business Now

Kyriacos Nicolaou

Evergrande enticed thousands with Gucci bags and Dyson appliances

Reuters News Service

Cryptocurrencies post fifth straight week of inflows

Reuters News Service

Higher taxes are coming and for markets, that could be a good thing

Reuters News Service