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Coinbase Global Inc., the largest US cryptocurrency exchange, said it plans to offer $1 billion in convertible senior notes to repay existing debt and for general corporate purposes.
The notes maturing in 2030 will be sold through a private offering to institutional investors, Coinbase said in a statement Tuesday.
Learn More →Xiaomi (1810.HK), opens new tab will this month start deliveries of its first electric vehicle (EV) in China, it said on Tuesday, venturing into the world's largest auto market at a time of aggressive price competition.
The smartphone maker, China's fifth-largest, said in a Weibo post that 59 of its stores in 29 cities nationwide will take orders for its new Speed Ultra 7 (SU7) sedan. A launch event is scheduled for March 28, when the new EV's sticker tag is expected to be made public.
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