On March 14, according to well-known media personality Wu Blockchain, Coinbase, the largest cryptocurrency exchange in the United States, is in talks with Bybit, the world's second-largest offshore exchange, about an investment cooperation agreement. Bybit hopes to use this opportunity to enter the compliant US market. Three relevant sources confirmed this news to Wu Blockchain.
ICE previously invested in offshore trading platform OKX at a valuation of $25 billion, and Bybit's valuation is expected to be similar. Coinbase acquired Deribit last year for $2.9 billion. Bybit declined to comment on this news.
OKX founder Star commented on the news on X: If true, it's a good thing for the industry, with higher standards and less regulatory arbitrage.
