Coinbase and Bybit in talks for strategic investment partnership: report

Bybit is reportedly planning to enter the supported US market through this potential partnership.

Popular Chinese crypto news channel Wu Blockchain reported today that two of the industry giants, Coinbase and Bybit, are in talks for some type of investment partnership.

Although the information currently available is quite limited and there is no official response from either party, it is reported that Bybit’s valuation could match that of OKX after the most recent funding event.

Exclusive: Coinbase, the largest US cryptocurrency exchange, is in talks with Bybit, the world’s second largest offshore exchange, for an investment partnership. Bybit hopes to take advantage of this opportunity to enter the supported US market. Three sources confirmed this news to… pic.twitter.com/SXBJnbDOQG

– Wu Blockchain (@WuBlockchain) March 14, 2026

Citing three sources who confirmed the information, the report further stated that such collaboration would allow Bybit to enter the supported US market.

It would follow several notable deals in the cryptocurrency space, such as Coinbase’s acquisition of derivatives giant Deribit. As reported during the summer of 2025, the Wall Street-listed exchange bought Deribit for $2.9 billion while the derivatives market was exploding.

More recently, OKX received a massive nod from the Intercontinental Exchange. The entity behind the New York Stock Exchange has acquired a minority stake in the cryptocurrency exchange, putting its valuation at an impressive $25 billion following the latest investment round.

According to Wu Blockchain, Bybit’s valuation should be similar to OKX, i.e. around $25 billion.

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Data from CoinMarketCap and CoinGecko show that all three trading platforms (Coinbase, OKX, and Bybit) are in the top five of their trust lists, with some of the highest scores in the industry.