BREAKING: Coinbase plans to raise $1.5B via debt offering
Cointelegraph
Published Sep 13, 2021 08:43AM ET
Updated Sep 13, 2021 10:20AM ET
Coinbase (NASDAQ:COIN), the largest cryptocurrency exchange in the United States, is planning to raise $1.5 billion via a debt offering, the company officially announced Monday.
The Nasdaq-listed crypto exchange is looking to use the capital raised to further grow the company’s balance sheet for general corporate purposes as well as potential investments and acquisitions of other companies, products or technology, Coinbase said. The closing of the offering is subject to market and other conditions, the firm noted.
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Written By: Cointelegraph
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