coindesk.com
Coinbase, the Nasdaq-traded crypto exchange, said it plans to sell $1.5 billion of debt to fund product development and possible acquisitions.
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The notes will become due in 2028 and 2031, the company said.
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The funds will be used for general purposes, which may include product development and possible acquisitions of other companies.
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The sale will be through a private offering.
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The interest rate and other terms have yet to be determined.