Coinbase is negotiating a strategic equity stake in Bybit, one of the world's largest cryptocurrency exchanges outside the United States. The potential deal involves a minority investment rather than a full acquisition.
The partnership aims to help Bybit navigate U.S. regulations and gain compliant market access. Reports suggest the transaction could value Bybit at approximately $25 billion.
While neither company has officially confirmed the talks, the deal would expand Coinbase’s global influence. This move signals a broader industry trend of consolidation as firms prioritize regulatory alignment for future growth.