Breaking: Coinbase ($COIN) Announces $1.5 Billion Private Senior Note Offerings

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Coinbase ($COIN), one of the top cryptocurrency exchanges with over 50 million registered users has announced its first private debt offering in the form of the company’s Senior Note Offerings worth $1.5 billion. The funds raised from the offerings would be utilized towards general corporate purpose and product development.

The crypto exchange that went public on Nasdaq in April this year with one of the highest valuations at the time of public debut. The firm is currently working towards expanding its range of products and services while venturing into new markets. The crypto exchange was authorized by Japanese regulators to offer its services in Japan, and later the crypto exchange also managed to become the first company to gain Bafin approval for crypto custody services in Germany.

 

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
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