Coinbase in Talks to Acquire BVNK in $2 Billion Deal

TheCryptoTimesОпубліковано о 2025-11-01Востаннє оновлено о 2025-11-01

Coinbase Global Inc., one of the largest crypto exchanges in the world, is reportedly in its final discussion stage to acquire BVNK, a London-based stablecoin startup, for about $2 billion.

According to a Bloomberg report, the deal is not yet confirmed, but could close by the end of this year or early 2026 after Coinbase finishes its review. The exchange is said to have won the exclusive right to negotiate the purchase after a strong bidding competition with potential buyers, including Mastercard. Meanwhile, the company is already an investor in BVNK, alongside Citi Ventures, Visa, and Haun Ventures.

Currently, both firms have refrained from publicly confirming the deal. However, a Coinbase spokesperson said, “We don’t comment on rumors or speculation. Driven by our mission to expand economic freedom globally, we actively explore various opportunities—whether through building, acquiring, partnering, or investing—to advance our mission.” With this response neither confirming nor denying the report, it has added to speculations that the deal is nearly finalized, with only the terms and final details yet to be agreed upon.

Moreover, Coinbase CEO Brian Armstrong added to the buzz after reposting about the exchange’s October 2025 roundup on X. He shared, “Big month for us at Coinbase. Much more to come – excited to close out 2025 with a bang”. However, no direct statement has been made concerning upcoming developments as of now.

BVNK’s role in crypto payments

BVNK, founded in 2021, helps other businesses accept both fiat and crypto payments through its platform. Since its launch, the company has received about $90 million in funding and built a network connecting traditional finance and blockchain systems.

The firm also recently partnered with Artemis to create a Stablecoin Payments Report for the crypto data and analytics company.

DATA PARTNER SPOTLIGHT: Artemis is proud to collaborate with @BVNK for our latest Stablecoin Payments Report.

BVNK is the stablecoin-powered financial stack for global enterprises, offering:

• Complete infrastructure: custody, liquidity, compliance, connectivity
•… pic.twitter.com/zVP5jE4Q2p
— Artemis (@artemis) October 28, 2025

In addition, it also formed new partnerships with two payment companies, Equal Money and Railsr, which have integrated its infrastructure into their platforms for instant stablecoin payments.

🚀 @equals__money x @railsr_ customers can now accept stablecoin payments, powered by BVNK.

Our infrastructure enables:
• Instant USDC →USD conversion
• Settlement in seconds
• Global payments minus crypto complexity

Perfect for businesses with crypto-native and global… pic.twitter.com/oGIT6VsBLI
— BVNK (@BVNKFinance) October 27, 2025

If this $2B deal is finalized, it would be one of Coinbase’s biggest acquisitions to date and could help the company expand its stance in the stablecoin and payment market, as well as create a next-generation payment experience built on stablecoins, a digital dollar often backed by the U.S. dollar.

Moreover, Coinbase has already been earning more from stablecoins. According to its third-quarter shareholder letter, almost 20% of its total income came from stablecoin activities, mostly from the USD Coin (USDC). The company shares revenue from the USD Coin (USDC) stablecoin with its issuer, Circle Internet Group, and has partnered with Shopify to integrate USDC payments for online merchants.

Stablecoin market since GENIUS Act approval

Meanwhile, this venture into the stablecoin market comes as the United States recently approved its first stablecoin law, the GENIUS Act, in July 2025. The bill is designed to create the country’s first federal framework for regulating payment stablecoins. Since it was passed into law by President Donald Trump, many major financial companies have started exploring blockchain-based payment systems that can make money transfers faster and cheaper.

For instance, Visa payment network is already planning to expand its use of stablecoin after seeing much demand from customers, including banks and fintech firms. The firm already supports stablecoins, including USDC, Euro Coin, PayPal USD, and Global Dollar, across networks like Ethereum, Solana, Stellar, and Avalanche. Additionally, it is testing ways to let banks move money instantly using tokens like USDC and EURC.

Western Union has also joined this trend, after it recently announced that it will be launching its own stablecoin, the U.S. Dollar Payment Token (USDPT), on the Solana blockchain next year.In fact, since the GENIUS Act became law, stablecoins have gained huge attention, with their total market cap now worth $313 billion, which is up 50% this year, according to CoinMarketCap.

Also Read: ZKsync Atlas Upgrade Redefines Ethereum Liquidity Network

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