Coinbase’s Junk Bonds Show Crypto Really Is Going Mainstream

Junk-bond investors gave cryptocurrencies their biggest endorsement yet as Coinbase Global Inc. sold $2 billion of debt.

Demand was so high — at least $7 billion of orders poured in — that the crypto behemoth was able to boost the deal’s size from $1.5 billion, according to a person with knowledge of the matter.

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