Two of the industry’s giants, Coinbase and Bybit, are in talks for an investment partnership. Exclusive: Coinbase, the largest cryptocurrency exchange in the US, is in talks with Bybit, the world’s second-largest offshore exchange, for an investment partnership. Bybit hopes to use this opportunity to enter the compliant US market. Citing three sources that confirmed the information, the report further indicated that such a collaboration would enable Bybit to enter the compliant US market.
It would follow several notable deals in the cryptocurrency space, such as Coinbase’s acquisition of the derivatives giant Deribit. As reported during the summer of 2025, the Wall Street-listed exchange purchased Deribit for $2.9 billion as the derivatives market was exploding.
The report notes that such a collaboration could enable Bybit to access the compliant US market and shape its derivative strategy. The goal is for Bybit to leverage the partnership to enter the compliant US market.
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