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September 15, 2021
(Reuters) – U.S. cryptocurrency exchange Coinbase Global Inc said on Tuesday it increased the size of its debt offering to about $2 billion from previously announced $1.5 billion, citing market interest.
The offering will be used to invest in product development and potential mergers and acquisitions, the company said.
The fundraising plans come less than a week after Coinbase said U.S. regulators would sue the exchange if it went ahead with plans to launch a program allowing users to earn interest by lending digital assets.
(Reporting by Sabahatjahan Contractor in Bengaluru; editing by Uttaresh.V)
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