News 
Coin Information 
About us 
Customer Service 
Coinbase Global Inc. is reportedly in advanced talks to acquire stablecoin infrastructure startup BVNK in a deal valued at around $2 billion, signaling the crypto exchange’s growing ambition in the stablecoin market. According to Bloomberg, Coinbase has begun due diligence and could finalize the transaction by late 2025 or early 2026, though the terms remain subject to change.
Coinbase Ventures, along with Citi Ventures, Haun Ventures, and Visa, are already investors in BVNK, a London-based fintech firm founded in 2021. The startup has raised $90 million to date and specializes in helping merchants process payments using cryptocurrencies and stablecoins. Acquiring BVNK would give Coinbase access to its extensive merchant network and compliance-ready infrastructure—further strengthening its position in digital payments.
Stablecoins have become a major revenue driver for Coinbase, contributing nearly 20% of its total income in Q3. Much of this comes from its partnership with Circle Internet Group, issuer of USDC, where Coinbase earns a share of interest generated on reserves. The company has also integrated USDC into Shopify’s payment system to promote wider crypto adoption.
Reports indicate that Coinbase secured exclusive rights to negotiate the BVNK deal after winning a competitive bidding process. If successful, the acquisition will enhance Coinbase’s footprint in the institutional stablecoin space—especially as the United States implements its first-ever stablecoin regulation this year.
In parallel, Coinbase recently teamed up with Citigroup to pilot stablecoin-based corporate payments, aiming to streamline transfers between traditional and crypto accounts. CEO Brian Armstrong remains optimistic about crypto-friendly legislation, noting that U.S. lawmakers are “90% aligned” on passing a market structure bill before year-end. The BVNK acquisition could mark a pivotal move toward Coinbase’s vision of a global, crypto-powered financial ecosystem.
Comment 0