Investors looking to maximize their returns can do so with leverage. These trading platforms allow investors to amplify their gains by borrowing funds to trade with larger positions.
However, navigating the many options can take time and effort.
This article explores the top crypto leverage trading platforms. Explore their features, benefits, and risks, empowering you to make informed decisions and take advantage of market opportunities.
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Unveiling the 11 best crypto leverage trading platforms
Struggling to navigate the complex world of crypto leverage trading? Don’t worry! We’ve got you covered.
Here, we unveil the 11 of the highest-rated crypto leverage trading platforms, helping you streamline your trading experiences and maximize your earning potential.
- PrimeXBT: Popular crypto leverage trading platform with low fees and up to 200x leverage. Trade more than 30 crypto futures, such as Bitcoin, Ethereum, and Solana.
- Margex: No-KYC crypto exchange offering leverage of up to 100x. With proprietary technology and deep liquidity, traders enjoy fast execution and protection from price manipulation.
- MEXC: Leading derivatives trading exchange with up to 200x leverage and low spreads. Select over 300 futures trading pairs and enjoy fast execution with industry-leading liquidity.
- BloFin: Earn a generous welcome bonus and use it to trade futures with up to 150x leverage. More than 300 futures contracts are available for trading at low fees.
- Coinbase: This secure platform offers leverage trading with various crypto pairs and margin options. Coinbase is also integrating margin lending and educational resources.
- Kraken: Renowned for security, Kraken provides robust margin trading with advanced order types. They also offer margin staking and OTC desks for high-volume leverage traders.
- OKX: This robust platform offers competitive margin trading rates and a user-oriented interface. It offers tutorials and risk management tools for both beginners and experienced leverage traders.
- Binance: A behemoth with extensive features, margin trading, and deep liquidity for leverage enthusiasts. Binance also offers new features like staking and educational resources.
- Paybis: A user-friendly platform with leverage trading, multiple fiat deposit options, and evolving features like crypto bundles makes Paybis a good starting point for beginners.
- KuCoin: This platform boasts extensive margin options, competitive leverage rates, and a strong altcoin focus. While feature-rich, Kucoin might be overwhelming for complete beginners.
- BitMart: The exchange allows leverage trading with multiple fiat deposit options. They are continuously adding new features like staking and launchpads for diversification.
A trader’s guide: Our 11 favorite crypto leverage trading platforms
The cryptocurrency market is known for its volatility, but what if you could amplify your gains (and losses)? Leverage trading allows you to do just that. Here, we explore the top 11 crypto leverage trading platforms for 2025, helping you choose the one that fits your trading style.
1. PrimeXBT
How it started: PrimeXBT was founded in 2018. Over one million users across 150 countries currently trade on PrimeXBT. Given the low fees on leveraged products and over 150 various assets to trade, PrimeXBT is poised to become one of the leading trading platforms.
PrimeXBT unique features
- Multiple assets: PrimeXBT offers CFDs, forex, cryptocurrencies and crypto futures to its users.
- High leverage: Traders looking to maximize their returns will find up to 200x leverage on PrimeXBT crypto futures contracts.
Crypto leverage trading on PrimeXBT
PrimeXBT offers up to 200x leverage, which is one of the highest leverages you can get on crypto futures. On top of that, PrimeXBT uses deep liquidity and a proprietary order book to help traders make informed decisions and enjoy fast trade execution.
Those who don’t want to use 200x leverage can adjust it to a number that better suits their trading needs.
Additionally, PrimeXBT offers expert trading tools and can be integrated into TradingView. This allows the use of advanced trading charts and technical indicators.
What are PrimeXBT trading fees?
PrimeXBT has straightforward – and affordable – fees of 0.01% for the maker and 0.02% for the taker. This means that if you place a market order, you would pay the taker fee while placing limit orders charge the maker fee.
Margin trading | Yes |
Fees | 0.01% – 0.02% |
Leverage | up to 200x for crypto futures |
Pairs | Over 30 futures pairs |
Founded | 2018 |
Pros
- Low trading fees
- Up to 200x leverage on crypto futures
- TradingView integration
Cons:
- No demo account
- Can only withdraw crypto
2. Margex
How it started: Founded in 2020, Margex is a newcomer in the industry. But thanks to its offering, including copy trading features, staking, and more, Margex has over 500,000 registered users from across the world.
Margex unique features
- Leverage: Trade with up to 100x leverage on crypto futures. You can always lower the leverage – or even try with a demo account to get familiarized with the platform.
- Staking: Those who want to diversify from trading with leverage can use the staking feature and passively grow their assets. On top of that, there are copy trading features for a more aggressive approach to passive income.
Crypto leverage trading on Margex
Margex allows up to 100x leverage on its crypto futures. This means you control $100,000 with a $1,000 investment. Although this can be a valuable tool to quickly grow your portfolio, it comes with higher risk.
Thankfully, traders can adjust their leverage to a number that works best for their financial situation.
What are Margex trading fees?
Margex uses the same maker/taker fee structure that most crypto trading platforms use. However, Margex’s fees are on the higher end with makers paying 0.019% and takers 0.06%.
There are also funding (financing) fees if you use margin. The fees vary depending on the asset you trade and the fee is incurred every 8 hours.
Margin trading | Yes |
Fees | 0.019% – 0.06% |
Leverage | Up to 100x for crypto futures |
Pairs | 30+ |
Founded | 2020 |
Pros
- Demo accounts to practice trading before using real money
- Up to 100x leverage on crypto futures
- Liquidity from 12 providers and a MP Shield System to protect users from price manipulation
Cons:
- Unregulated trading platform
- No crypto spot trading market
3. MEXC
How it started: MEXC was founded in 2018. Serving over 10 million users from more than 170 countries, this is one of the biggest crypto exchanges. That’s not surprising given the low fees, high liquidity, fast transaction speeds and many useful features.
MEXC unique features
- High leverage: Traders looking to maximize their rewards can use up to 200x leverage on crypto futures. Users can choose between perpetual futures with USDT as a collateral or a crypto coin as a collateral.
- Industry-leading liquidity: MEXC boasts op liquidity on over 90% of its pairs, ensuring fast execution and stability during volatile market conditions.
Crypto leverage trading on MEXC
MEXC offers some of the highest leverage in crypto trading of 200x. This is only available to crypto futures. As for the margin, MEXC offers isolated and cross margin.
In an isolated margin, a certain amount of margin will be added to the position, and if the margin drops below the maintenance level, your position will be liquidated. You can add or reduce the margin for the position at any time.
In cross margin, your margin is shared across all positions. In case liquidation happens, traders could lose the margin and all positions can be settled.
What are MEXC trading fees?
MEXC offers some of the lowest fees in the industry. Both spot and futures trading comes with a 0% fee for the market maker and a 0.02% fee for the market taker. This means that if you consistently place limit orders, you won’t pay any fees.
Despite that, there are still funding rates you have to pay if you use margin. Similar to other trading platforms, the fee is calculated every 8 hours, while the fee itself depends on the asset you trade.
Margin trading | Yes |
Fees | 0% – 0.3% |
Leverage | Up to 200x leverage on crypto futures |
Pairs | 300+ |
Founded | 2018 |
Pros
- Up to 200x leverage on crypto futures
- 0% fees for market makers (limit orders)
- Industry-leading liquidity
Cons:
- Not available in all countries
- High withdrawal fees
4. BloFin
How it started: BloFin was founded in 2019 with the focus on leveraged trading and crypto futures. This is a no-KYC exchange, meaning you don’t have to submit ID documents to start trading. Moreover, BloFin offers generous welcome bonus for new investors.
BloFin unique features
- Generous welcome bonus: Earn up to $5,000 after you meet the required criteria, including depositing funds and trading.
- Asset security and transparency: BloFin is focused on asset security, which is why it has partnered with Fireblocks for asset custody. The company claims to hold a 1:1 reserve of all customer assets.
Crypto leverage trading on BloFin
BloFin offers up to 100x leverage on more than 300 perpetual futures contracts. This allows users to maximize their return. Users can select a variety of features on popular cryptocurrencies but also on more obscure ones such as SILLY, ARK, and others.
What are BloFin trading fees?
BloFin offers competitive fees for market makers of 0.02%. The taker fee is on the higher end at 0.06%. This means, you could save money on fees by placing limit orders.
Margin trading | Yes |
Fees | 0.02% – 0.06% |
Leverage | Up to 100x on futures |
Pairs | 300+ |
Founded | 2019 |
Pros
- No-KYC exchange
- Up to 100x leverage on crypto futures
- Over 300 crypto futures contracts to choose from
Cons:
- Not regulated
- Limited fiat payment methods
5. Coinbase
How it started: Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. By trading volume, It is the largest US crypto exchange. With 43 million users, it boasts a global presence and a remote-first work model.
Coinbase unique features
- Coinbase Earn: Learn and Earn Crypto: Coinbase encourages new investors with its “earn while you learn” program. Users watch videos and take quizzes about cryptocurrencies while earning rewards.
- Naive wallets: Coinbase Exchange Wallet: This is the default wallet for trades on Coinbase. Private keys are stored on the exchange, reducing security. Coinbase dApp Wallet caters to Ethereum-based ERC-20 tokens. The third choice is Coinbase Wallet, a self-custody wallet stores crypto assets and NFTs, offering users more control over their holdings. (It’s a Separate app; no Coinbase account is required.)
Coinbase Wallet teamed up with Blockaid to enhance security measures and safeguard users from fraudulent activities. By integrating Blockaid technology, Coinbase successfully prevented over $75 million of funds from being stolen. The security tool analyzed 114 million transactions and DApp connections to stop nearly 800,000 wallet connections to harmful decentralized apps.
Crypto leverage trading on Coinbase
While leverage trading was introduced a bit late to the market compared to its platform, its offerings are nothing to frown upon.
Traders who meet the eligibility criteria can access maximum leverage of up to 10x. There are specific limits per contract, and the notional value for all positions is capped at $90,000.
These limits are reviewed frequently, taking into account the exchange’s order book depth, volumes, and insurance fund balances.
What are Coinbase trading fees?
Coinbase fees are not displayed upfront. They depend on payment methods, order size, and market conditions. Expect fees to range from $0.99 to $2.99, with an added spread of 0.5%.
While Coinbase offers a user-friendly platform, its fees can be high compared to competitors. Consider exploring Coinbase Pro for a more transparent fee structure.
Margin trading | Yes |
Fees | 0% – 0.3% |
Leverage | 25:1 / up to 10:1 for perpetual futures |
Pairs | 396 |
Founded | 2012 |
Pros
- Choose from secure storage options, including self-custody and exchange wallets
- Earn crypto rewards while learning about different currencies
- Includes FDIC insurance for USD deposits and industry-standard security features
Cons:
- Complex fee structure with variable spreads makes cost confusing for beginners
- Staking fees can be as high as 25% of the staking profits
6. Kraken
How it started: Founded in 2013 by Jesse Powell, Kraken is a global cryptocurrency exchange catering to casual and professional investors. They focus on secure trading with low fees for high-volume trades.
The exchange acquired Coin Meester B.V. (BCM), a well-known crypto broker in the Netherlands. The acquisition allows Kraken to increase its presence in European markets.
Kraken unique features
- Kraken instant buy: Ideal for beginners, allowing quick and easy crypto purchases with fast verification.
- Kraken Pro: An advanced interface for experienced traders. It’s highly customizable and offers spot, margin, and staking features in one place.
Based on security audits by CER.live, a trusted platform, Kraken is ranked second for cryptocurrency exchange security.
Kraken offers leverage through margin accounts (up to 5x) and futures contracts (up to 50x). This lets you control larger positions with a smaller investment, but remember, the risk increases, too.
What are Kraken trading fees?
Kraken offers two interfaces. Kraken Instant Buy charges a flat fee (0.9% for stablecoins, 1.5% for others) for simple purchases. For lower costs, use Kraken Pro, with maker/taker fees starting at 0.16% and 0.26%, respectively.
Margin trading | Yes |
Fees | 0% – 0.26% |
Leverage | 5:1 |
Pairs | 671 |
Founded | 2011 |
Pros
- Kraken prioritizes security, storing 95% of deposits in offline cold storage and using secure facilities with armed guards
- Kraken Pro offers extensive customization and a one-stop shop for spot, margin, and staking
Cons:
- Kraken currently only supports only eight fiat currencies, which can be limiting for some users/li>
- While convenient, Kraken Instant Buy’s fees can be costly for frequent users
7. OKX
How it started: OKX was founded in 2017 by Star Xu (current CEO), OKX has become a major player. It boasts over 50 million users and partnerships with Manchester City and the Australian Olympic Team. This Seychelles-based exchange offers a comprehensive suite of trading options.
OKX unique features
- Self-Trade Protection (STP): Traders who execute algorithms for trading will love this feature. STP prevents you from unintentional self-trades. API traders will benefit from STP the most.
- Trading Bots Marketplace 2.0: Crypto trading bots developers can upload their systems to the bots marketplace and enjoy a revenue share from the profits earned by the automated system.
OKX is a one-stop shop for crypto enthusiasts. Trade spot markets, simple and complex options, or delve into derivatives like margin, futures, and perpetual swaps. Explore the NFT marketplace, build trading bots, or participate in block trades.
OKX stands out with its 11 proof-of-work mining pools for Bitcoin, Ethereum, and Litecoin. Tutorials guide users through the mining process, making it easier to earn crypto.
Crypto leverage trading on OKX
OKX offers more than just basic spot trading. You can use your cryptocurrency holdings to access perpetual futures and margin accounts.
Additionally, you can choose from a range of leverage options, from 10x to 100x, and depending on your risk tolerance, you can select either full or partial liquidation modes.
What are OKX trading fees?
OKX keeps costs low. Spot trading fees start at 0.08% for limit orders and 0.1% for market orders. Futures fees are even lower, at 0.02% and 0.05% respectively. Hold OKB tokens or trade BTC and ETH for further fee reductions. Deposits are free, and OKX only charges network fees for withdrawals.
Margin trading | Yes |
Fees | Spot – 0.02% – 0.2%. Futures – 0.01% – 0.05% |
Coins | 318 |
Pairs | 471 |
Founded | 2017 |
Pros
- Holding OKB tokens reduces trading fees
- Multiple Earning Avenues (Maximize profits with Dual Investment, earn stable returns with Fixed Income, or snag high-reward flash Deals)
- High Yield Earning: Stake dozens of coins for at least 1% APY, with some exceeding 100%
Cons:
- Best suited for experienced traders due to its advanced features
- Fee structure may seem confusing for beginners due to its multiple tiers and discounts
8. Binance
How it started: Founded in 2017 by Changpeng Zhao, a veteran of high-frequency trading systems, Binance has become the world’s largest crypto exchange by daily trading volume (excluding the US).
The platform caters to global users interested in altcoins, offering over 600 crypto-to-crypto trading pairs and NFT purchases.
Binance unique features
- Biggest crypto exchange: Binance enjoys the largest trading volumes among all centralized exchanges. Tokens that are listed on Binance benefit from strong liquidity, trust, and an uptick in price upon listing.
- SAFU: Binance utilizes a Secure Asset Fund for Users (SAFU), allocating 10% of trading fees to protect user funds. However, with over 350 cryptocurrencies available globally, only 150 are accessible in the US.
Binance allows leveraged trading on over 600 cryptocurrencies, with perpetual futures and options available. This can amplify gains but also magnify losses.
The maximum leverage is 125x risky on BTC and ETH perpetual, with lower leverage on other coins. The higher your balance, the lower the exchange’s leverage will offer.
BTC/USDT perpetuals | Source
Binance faces regulatory scrutiny in several countries, so be aware of potential restrictions.
What are Binance trading fees?
Crypto trading fees range from 0.05% to 0.1%, but card purchases incur higher fees (1%-3%). Maker-taker fees are 0.40%-0.60%, with free Bitcoin trades under $10,000 monthly volume for Tier I pairs. (Tier I pairs include DOT/USDT, LTC/USDT, SOL/USDT)
Margin trading | Yes |
Fees | 0.1% |
Leverage | Up to 125:1 |
Pairs | 1,273 |
Founded | 2017 |
Pros
- Advanced Features alongside spot, futures, margin trading, staking, and more, all backed by high liquidity for fast order execution
- Binance prioritizes security with 2FA, FDIC-insured USD balances (for Binance.US only), and cold storage/li>
Cons:
- Binance faces potential restrictions due to ongoing regulatory scrutiny
- User data privacy remains a concern for some users
9. Paybis
How it started: Paybis was founded in 2014 by Innokenty Isers, Konstantin Vasilenko, and Arturs Markevich, Paybis began as an experiment and has become a global platform.
Critical partnerships with Simplex, a payment processor, and Kraken, a crypto exchange, fuel its services.
Paybis unique features
- Payment methods variety: Paybis stands out in terms of a massive variety of payment methods. Over 40 payment service providers and alternative approaches, including Google Pay, Apple Pay, and credit cards, are ready. They recently launched ACH payments for faster US bank transfers.
- Refer and earn: Paybis also offers a ‘Refer and Earn’ affiliate program. By referring new users, you can earn commissions up to 45% of Paybis’s net profit on their trades. This adds another layer of earning potential for savvy users.
Paybis specializes in buying and selling cryptocurrency but currently does not offer leverage trading. This can be inconvenient for some, but it may be a good fit for beginners seeking a smooth entry into crypto investments.
What are Paybis trading fees?
The first crypto purchase enjoys a waived Paybis fee. Subsequent trades incur fees between 0.99% and 2.59%, depending on the payment method.
Paybis charges withdrawal fees to external wallets, and a $2 service fee may apply based on your chosen payment option.
Margin trading | No |
Fees | 0.99% and 2.59% |
Coins | 150+ |
Pairs | 200+ |
Founded | 2014 |
Pros
- Users can purchase a fraction of Bitcoin for as little as $5
- Services in nine languages, over 180 countries
- Multi-layered security measures protect your funds
Cons:
- Potentially High Fees: Fees vary based on payment method
- Limited Features: No leverage trading or social features
10. Kucoin
How it started: Kucoin was founded in 2017. It has emerged as a top destination for altcoin trading. The exchange, led by CEO Johnny Lyu, offers a massive library of over 840 cryptocurrencies.
KuCoin unique features
- P2P and staking support: The exchange supports both staking and peer-to-peer (P2P) trading, which is uncommon among major exchanges.
- Account-bound tokens: KuCoin Account-Bound Tokens (KABT) allow verified user credentials to unlock exclusive benefits within the KuCoin ecosystem, providing a revolutionary step for on-chain identity in the Web3 ecosystem.
Holders can earn passive income through KuCoin’s soft staking program and share a portion of daily exchange profits. Additionally, users receive daily cryptocurrency dividends by holding KuCoin Shares (KCS).
KuCoin has increased its leverage options for Bitcoin and Tether trades, with users able to amplify gains (and losses) with up to 100x leverage. Margin trading ratios vary by coin, with some reaching 50x.
What are KuCoin trading fees?
Fees are competitive. Kucoin uses a maker-taker structure, with a low 0.1% maker fee and a 0.1% taker fee with no account minimum. Holding KCS grants an additional 20% discount.
Margin trading | Yes |
Fees | 0.1% |
Leverage | 20:1 default, up to 100:1 |
Pairs | 1,273 |
Founded | 2014 (Launched 2017) |
Pros
- Holders enjoy benefits such as trading fee discounts, daily crypto dividends, access to more trading pairs, exclusive exchange perks, and a share of exchange profits through staking
- Advanced Features: Staking, P2P trading, and margin trading cater to experienced users
Cons:
- The platform’s advanced features can be overwhelming for beginners
- Some altcoins may have limited liquidity, impacting trade execution
11. BitMart
How it started: BitMart was founded in 2017 by Sheldon Xia, a figure involved in blockchain initiatives. BitMart is a centralized exchange (CEX) that serves over 9 million users globally. Headquartered in the Cayman Islands, it offers various services beyond trading, including staking, lending, and derivatives.
BitMart unique features
Besides standard trading options, BitMart distinguishes itself with features like BitMart Earn. It allows users to earn passive income on their crypto holdings through various savings products.
- Flexible Savings: Earn interest on deposited crypto with the ability to withdraw funds anytime.
- Fixed Savings: Earn a higher interest rate by locking in your crypto for a predetermined period.
For experienced users, BitMart caters to margin trading and futures trading. Launched in 2020, the futures market allows leverage of up to 100x on certain assets.
In May 2024, BitMart added the Euro to its P2P marketplace. Adding EUR means the peer-to-peer marketplace aims to attract more European traders to its platform.
What are BitMart trading fees?
BitMart employs a tiered maker-taker fee structure with fees starting at 0.25% and decreasing based on 30-day trading volume and holdings of the platform’s token, BMX. Futures trading offers significantly lower fees, with maker fees at 0.04% and taker fees at 0.06%. There are no deposit fees, but withdrawal fees vary by coin.
Margin trading | Yes |
Fees | starts 0.25% |
Leverage | up to 100:1 |
Pairs | 1,164 |
Founded | 2017 |
Pros
- BitMart offers features like staking, lending, and an Earn program for generating passive income on crypto holdings
- Utilizes multi-layer and multi-cluster system architecture to enhance security
- Boasts significantly lower fees for futures trading than for spot trading, which appeals to experienced users
Cons:
- The tiered maker-taker fee structure with variable rates based on trading volume and token holdings can confuse new users
- Inconvenience can arise due to withdrawal fees that differ depending on the cryptocurrency
News: The SEC is suing Kraken, Binance, and Coinbase for allegedly operating as unregistered securities exchanges, brokers, dealers, and clearing agencies.
Pros and cons of crypto leverage trading
Crypto leverage trading offers the potential for amplified gains, but it also comes with significant risks. Before diving in, understand both sides of the coin.
Leveraging pros | Leveraging cons |
---|---|
Amplify profits: Leverage magnifies potential returns by controlling a larger position with a smaller investment. | Flexibility: Leverage offers greater control over trading strategies by enabling long and short positions. |
Short selling: Leverage allows traders to profit from falling crypto prices by opening short positions. | Liquidation risk: If the market moves against you, your position could be liquidated to cover losses, wiping out your initial investment. |
Increased capital efficiency: Traders can maximize the use of their capital by controlling more assets with less upfront cost. | Volatility: The inherently volatile nature of cryptocurrencies can exacerbate losses when using leverage. |
Flexibility: Leverage offers greater control over trading strategies by enabling long and short positions. | Margin calls: Unexpected price swings can trigger margin calls, forcing you to deposit additional funds to maintain your position. |
Potential for faster gains: Leverage can accelerate profit accumulation when market movements align with your predictions. | Psychological pressure: The potential for magnified losses can lead to emotional trading decisions and cloud your judgment. |
FAQs
What does trading crypto with leverage mean?
Leverage allows you to amplify crypto trades by borrowing funds from a platform. This lets you control a larger position than your initial investment. While leverage can magnify profits, it also magnifies losses.
What is spot crypto trading?
Spot crypto trading is the most basic form of crypto trading. You buy cryptocurrency outright and own it until you sell it. Spot trades are settled immediately, meaning you receive the crypto you purchase directly into your wallet.
Is it safe to trade with crypto platforms?
The safety of crypto platforms varies. Find reputable platforms with strong security measures, insurance policies, and clear regulations. Research the platform’s history and user reviews before trusting them with your money.
How does crypto leverage trading?
Crypto leverage trading lets you amplify your position by borrowing funds from a broker. Imagine having $1,000 but controlling a $10,000 trade with 10x leverage. This magnifies potential profits but also magnifies losses.
What is 100x leverage in crypto?
With 100x leverage, a $1,000 investment controls a $100,000 position, multiplying profits or losses by 100. While highly risky, this strategy can generate significant gains in a rising market.
What does 10x leverage mean?
10x leverage means your investment controls a position 10 times its size. A $1,000 investment with 10x leverage effectively becomes a $10,000 trade. Remember, this amplifies both potential gains and losses.
Which leverage is best in cryptocurrency?
The “best” leverage depends on your risk tolerance and trading experience. Beginners should start with lower leverage (5x or less) to limit potential losses. Higher leverage (10x or more) is riskier but offers amplified gains for experienced traders with robust risk management strategies.
Do you have to pay back leverage?
Yes. Leverage is a loan; you must repay the borrowed funds plus any interest accrued. If the market moves against you, the broker may issue a margin call, forcing you to deposit more funds or sell assets to maintain your minimum margin requirement.
Sources
- https://cointelegraph.com/news/coinbase-blockaid-security-75-million
- https://www.ft.com/content/c7e4ad29-4bf8-43e3-85dd-cf35585c6ad1
- https://www.okx.com/learn/okx-named-official-sleeve-partner-of-manchester-city
- https://www.prnewswire.com/news-releases/kucoin-unveils-account-bound-tokens-kabt-with-reward-missions-on-mocaverse-and-halo-wallet-302082424.html
- https://www.coindesk.com/business/2024/03/12/coinbase-plans-1b-bond-sale-that-avoids-hurting-stock-investors-copying-michael-saylors-successful-bitcoin-playbook/