Coinbase in talks for equity stake in Bybit, says Wu Blockchain

Coinbase is in talks to acquire an equity stake in Bybit as part of a plan to facilitate the latter's entry into the U.S. market, Wu Blockchain reported. The deal would reportedly value Bybit at around $25 billion, a figure comparable to the valuation OKX received when it was backed by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). Bybit has not yet released an official statement on the matter.