Coinbase, Bybit Reportedly Hold Early Investment Talks
Bybit is exploring a compliant route into the U.S. market by leveraging Coinbase’s regulatory expertise.
Overview
- Reports from WuBlockchain, echoed by Blockonomi and CoinCentral, describe exploratory investment discussions between the two exchanges.
- Neither company has confirmed the talks, and no terms, transaction size, or timeline have been disclosed.
- Coverage estimates Bybit’s valuation near $25 billion based on comparisons to ICE’s recent backing of OKX.
- Coinbase shares closed at $195.53 on the day the reports surfaced, up 1.18% and nearly 20% higher over the past month.
- Industry voices highlight that Coinbase’s compliance framework could ease U.S. entry for Dubai-based Bybit as regulators refine rules, with precedents including ICE–OKX and Coinbase’s Deribit acquisition.