Cryptocurrencies
Coinbase to Raise $1.5 Billion in Bond Sale
- Notes are rated just one notch below investment grade
- Crypto exchange just received an SEC warning over lending plan
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Coinbase Global Inc. is seeking to raise $1.5 billion in its first junk-bond offering, a deal that provides another stamp of approval for cryptocurrency and a sign that the nine-year-old firm is gaining mainstream acceptance even as regulators ramp up scrutiny.