Coinbase has announced its proposal to offer $1 billion in convertible senior notes due in 2030. This financial maneuver is aimed at institutional investors and includes a 30-day option for initial purchasers to buy up to an additional $150 million in notes. The proceeds from this offering are intended for repaying existing debt and for general corporate purposes. This move is seen as a significant step for Coinbase, the largest US cryptocurrency exchange, in bolstering its financial structure amidst the evolving digital currency landscape.