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Coinbase in late-stage talks for BVNK
Coinbase Global Inc. is reportedly in advanced negotiations to acquire BVNK, a London-based payments startup that uses stablecoins to move money across borders. Sources cited by Bloomberg say the transaction is valued between $1.5 billion and $2.5 billion. If completed, the deal would be the largest acquisition in the stablecoin sector to date.
Valuation and investor history
BVNK has attracted heavyweight backers including Citi Ventures and Visa Ventures after a $50 million Series B led by Haun Ventures. Coinbase Ventures and Tiger Global participated in that round. The rumored price range would eclipse the prior sector high—the $1.1 billion sale of Bridge—highlighting strong M&A appetite around stablecoin infrastructure.
Why this matters for Coinbase and the stablecoin market
Acquiring BVNK would give Coinbase direct access to enterprise-focused, cross-border stablecoin payments and treasury rails, helping the exchange diversify revenue beyond trading fees. The move signals Coinbase’s shift from pure exchange services toward broader fintech offerings, integrating stablecoins as a payment primitive for institutional and corporate flows.
Strategic implications
The deal would strengthen Coinbase’s position in the fast-growing stablecoin economy and reduce reliance on volatile trading revenue. BVNK’s partnerships and product set—already earning attention from Mastercard and other payments players—would accelerate Coinbase’s push into global payments, remittances, and fiat-crypto rails.
Timing and company backdrop
Insiders say the transaction could close by early next year. The announcement comes after a strong quarter for Coinbase, which reported $1.9 billion in revenue—up 25% from the prior quarter—and added 2,772 BTC to its balance sheet. That brings Coinbase’s Bitcoin holdings to roughly 14,500 BTC, about $1.6 billion at recent prices.
What to watch
Regulators, competitors, and enterprise clients will all be monitoring this acquisition closely. A completed deal would be a landmark for stablecoin adoption within traditional payments infrastructure and a sign of growing convergence between crypto exchanges and fintech services.
Source: crypto
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