Bybit is reportedly exploring plans to enter the regulated United States market through a potential partnership.
Chinese cryptocurrency news outlet Wu Blockchain reported earlier today that two major players in the industry, Coinbase and Bybit, are currently in discussions about a possible investment partnership.
Details about the talks remain limited and neither company has issued an official statement so far. However, the report indicates that Bybit’s valuation could reach a level comparable to that of OKX following its most recent funding round.
The report, which cited three sources familiar with the matter, also suggested that such a partnership could allow Bybit to gain access to the regulated US market.
If completed, the deal would follow several notable developments within the cryptocurrency sector. One example is Coinbase’s acquisition of the derivatives platform Deribit. In the summer of 2025, the publicly listed exchange purchased Deribit for 2.9 billion dollars as demand in the derivatives market surged.
In another recent development, OKX secured a significant investment from Intercontinental Exchange. The parent company of the New York Stock Exchange acquired a minority stake in the crypto exchange, bringing its valuation to about 25 billion dollars after the latest investment round.
According to Wu Blockchain, Bybit’s valuation could also reach a similar level of roughly 25 billion dollars.
Data from CoinMarketCap and CoinGecko shows that Coinbase, OKX, and Bybit all rank within the top five exchanges on their trust score lists, reflecting some of the highest credibility ratings in the cryptocurrency industry.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
