Coinbase Adjusts Debt Buyback Offer Due to Moderate Demand

Coinbase has made some changes to its debt buyback program following lackluster demand. In a Monday announcement, the largest US-based crypto exchange said that since the program started earlier this month, investors have tendered just over $50 million worth of bonds, falling short of the targeted $150 million. As a result, Coinbase has increased its offer on 3.625% senior notes due in 2031 from 64.5 cents on the dollar to 67.5 cents on the dollar.... Read More: Coinbase Adjusts Debt Buyback Offer Due to Moderate Demand