Coinbase leads bid to acquire BVNK in $1.5 billion‑$2.5 billion deal

Coinbase is in late‑stage talks to acquire BVNK, a stablecoin infrastructure startup based in London, in a deal valued around $1.5 billion to $2.5 billion, according to a Bloomberg’s report citing people allegedly familiar with the ￰0￱ discussions are still under due diligence though, so nothing is ￰1￱ deal may close later this year or early next year, but terms could still change and the entire plan could fall ￰2￱ has not been announced publicly, and those speaking on the matter apparently requested ￰3￱ Ventures, the venture capital arm of Coinbase, is already an existing investor in ￰4￱ for BVNK did not respond to ￰5￱ largest US crypto exchange said: “We don’t comment on rumors or ￰6￱ by our mission to expand economic freedom globally, we actively explore various opportunities — whether through building, acquiring, partnering, or investing — to advance our mission.” The tone is neutral, but the move fits with Coinbase’s push to expand outside pure trading ￰7￱ pushes deeper into stablecoins and payments Reports earlier this week said Coinbase has exclusivity in the takeover ￰8￱ means no other bidders are actively in the running ￰9￱ talks followed a full bidding ￰10￱ timing lines up with increased activity in the stablecoin market after the first ￰11￱ for stablecoins passed in ￰12￱ then, payment networks like Visa and Mastercard, along with major banks, have been testing blockchain‑based tools for faster and cheaper ￰13￱ 20% of Coinbase’s Q3 revenue came from stablecoins, according to the company’s shareholder letter released ￰14￱ exchange has been pushing to drive more usage of USDC, the stablecoin it earns revenue from in partnership with ￰15￱ example: a payments integration with ￰16￱ a call after earnings, Coinbase executives said they are actively searching for acquisitions in the payments sector, confirming that this direction is a core expansion ￰17￱ runs a platform that lets merchants accept payments, including in ￰18￱ is where the deal ￰19￱ this year, Coinbase launched Coinbase Business, a service for payments, invoicing, and financial operations.

BVNK’s system could be plugged into that to create a stablecoin‑based banking and payments experience for companies that do not want to depend on traditional banking ￰20￱ was founded in 2021 and has raised $90 million in ￰21￱ investors include Citi Ventures, Haun Ventures, and ￰22￱ the deal closes, Coinbase would take another step away from depending on trading ￰23￱ it fails, nothing changes except that we all now know exactly what direction Coinbase is steering toward; payments built on ￰24￱ up to Bybit and start trading with $30,050 in welcome gifts