Coinbase Close to $2B Deal to Buy BVNK Stablecoin Platform
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The post Coinbase Close to $2B Deal to Buy BVNK Stablecoin Platform appeared first on Coinpedia Fintech News Coinbase is reportedly in talks to buy BVNK, a stablecoin infrastructure firm, for nearly $2 billion. The deal is said to be in its final stages and could be completed by the end of this year or early next year. If successful, this would be one of Coinbase’s biggest acquisitions yet and a major step toward expanding its role in the stablecoin market. Coinbase Plans a Big Move in Stablecoins According to Bloomberg, Coinbase has already begun the final due diligence process ahead of closing the deal with BVNK, a London-based fintech startup. The company helps businesses handle both crypto and traditional currency payments. Coinbase Ventures, the exchange’s investment arm, is already one of BVNK’s early backers, alongside Citi Ventures, Visa, and Haun Ventures. People close to the matter say Coinbase won exclusive rights to negotiate the acquisition after a tough bidding process. The company hopes this deal will strengthen its position in the global payments market, especially after new U.S. laws were passed this year to regulate stablecoins. Stablecoins Driving Coinbase’s Growth Stablecoins have become an important part of Coinbase’s business. They now make up nearly 20% of the company’s total revenue, mainly thanks to its partnership with Circle, the issuer of USDC. Coinbase earns a share of the interest from USDC reserves and has also helped integrate USDC payments into Shopify, making it easier for businesses to accept crypto. Buying BVNK would give Coinbase access to more tools and infrastructure to grow its stablecoin business. It would also allow the exchange to help more companies handle both fiat and crypto payments easily, boosting adoption worldwide. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px…
Filed under: News - @ November 1, 2025 9:27 am