How Does This Fit Coinbase’s Growth Strategy?

[madmax]

Q: How does this potential deal align with Coinbase’s plans?
A: Coinbase has been expanding globally, acquiring Deribit ($2.9B) and Echo ($375M), and investing in CoinDCX in India. Partnering with Bybit could enhance access to offshore liquidity while supporting its vision to become a comprehensive global financial platform.

Q: What about Bybit’s history?
A: Bybit recovered strongly after a $1.5B crypto theft a year ago, introducing new features and solidifying its status as a leading derivatives exchange with over $10B in 24-hour open interest.

Q: Is this part of a broader market trend?
A: Yes. US-regulated entities are increasingly collaborating with offshore exchanges, as seen with Intercontinental Exchange’s investment in OKX for institutional access, joint clearing, and risk management initiatives.

[mendez]

ice investing in okx at a 25B valuation is actually wild. tradfi isn't 'coming' anymore, they already bought the house and changed the locks