Coinbase is discussing a possible investment deal with Bybit, one of the largest global crypto exchanges outside the United States. Bybit sees the partnership as a way to expand into the regulated US market, but it has not publicly confirmed the talks.
Industry leaders say a deal could strengthen standards and reduce loopholes in crypto trading. This comes after big investments like ICE’s backing of OKX at a $25 billion valuation and Coinbase’s $2.9 billion purchase of Deribit last year.
If talks progress, the partnership could help align compliance practices and market integrity across platforms, signaling a broader push toward regulated, guardrail-based growth in crypto. However, specifics remain undisclosed as negotiations continue.
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