Main navigation

Coinbase Raises Size of Its Debt Offering to $2 Billion

Advertisement
Wed, 15/09/2021 - 7:43
Coinbase Raises Size of Its Debt Offering to $2 Billion
Cover image via stock.adobe.com
Read U.TODAY on
Google News

As reported by Reuters, Coinbase Global has added another $500 million to the size of its debt offering. Now the total amount is $2 billion. The reason for upsizing it is market interest, according to the source.

Advertisement

Coinbase plans to use the raised funds to improve product development, as well as for potential acquisitions and mergers with other companies in the crypto and financial markets.

Just recently, Coinbase got in hot water with the SEC regulatory agency as it threatened to sue the crypto trading venue over its intention to launch a crypto lending product for customers.

Related

Advertisement

However, the Investors Service of Moody's has given Coinbase Global a "junk" (noninvestment) debt-issuer rating due to an uncertain regulatory environment and strong competition.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD