Coinbase in talks with Bybit on investment and cooperation agreement

TechFlow news: On March 14, according to Wu Shuo, Coinbase—the largest cryptocurrency exchange in the United States—is negotiating an investment and cooperation agreement with Bybit—the world’s second-largest offshore exchange. Bybit aims to enter the U.S. compliant market through this partnership. Three sources familiar with the matter confirmed this news to Wu Shuo. Earlier, ICE invested in the offshore exchange OKX at a $25 billion valuation; Bybit’s valuation is expected to be similar to OKX’s.