Coinbase Planning To Raise $1.5B In Bond Sale – Investing.com

Coinbase Planning To Raise $1.5B In Bond Sale – Investing.com

Coinbase Global (NASDAQ:) has revealed its plans to raise $1.5 billion through the sale of senior secured notes due in 2028 and 2031. The Company plans to use the funds for product development and potential acquisitions.

Coinbase, one of the world’s largest cryptocurrency exchanges, is hoping to raise $1.5 billion through the sale of senior secured notes, it announced in a statement Monday.

The exchange confirmed that the notes will be due in 2028 and 2031. The sale will be through a private offering, with interest rates and other terms yet to be determined. The firm added that the funds would be used for investing in product development and potentially in investments or acquisitions.