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Coinbase to Raise $1.5 Billion to Fund Product Development and Acquisitions

Zachary Pearce by Zachary Pearce
September 13, 2021
in Cryptocurrency
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Coinbase to Raise $1.5 Billion to Fund Product Development and Acquisitions
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Coinbase, the largest crypto asset trading platform in the USA, plans to sell $ 1.5 billion in bonds.

Contact us to be instantly informed about the last minute developments. Twitter and Telegram You can follow our channel.

The Nasdaq-traded platform announced in a blog post that the company plans to sell $1.5 billion in debt to fund general purposes that include product development and acquisitions. It is stated that the debts will be paid in 2028 and 2031.

The interest rate and other conditions for the sale to be made through the special offer have not yet been determined.


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: acquisitionsBillionCoinbasedevelopmentFundProductRaise
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