Report: Coinbase Eyes $2 Billion BVNK Buyout to Turbocharge Its Stablecoin Empire

CN
8 hours ago

According to Bloomberg reporters Olga Kharif and Matthew Monks, Coinbase (Nasdaq: COIN) is in “late-stage” talks to acquire BVNK, pending due diligence, with insiders describing it as a roughly $2 billion deal. Coinbase Ventures is already an investor in the London-based startup, which helps merchants process payments using stablecoins. While neither company has confirmed the rumored acquisition, Coinbase told Bloomberg that it “actively explores” opportunities aligned with its mission to expand global economic freedom. The exchange, which has been diversifying revenue beyond trading fees, now earns nearly 20% of its income from stablecoin-related products.

If sealed, the BVNK purchase would mark Coinbase’s boldest bet yet on the stablecoin economy, following new U.S. regulations passed in July. The move aligns with Coinbase’s ambition to become a heavyweight in payments—a sector being reimagined by firms like Visa, Mastercard, and Citi Ventures, all exploring blockchain-based settlements. BVNK’s tech could bolster Coinbase Business, its recently launched platform for crypto-powered invoicing and payments. For BVNK, backed by Citi Ventures, Haun Ventures, and Visa, the deal could be a liquidity jackpot. For Coinbase, it’s another step toward turning the stablecoin revolution into steady, recurring revenue.

  • What is Coinbase reportedly buying? Coinbase is in talks to acquire stablecoin infrastructure startup BVNK for about $2 billion, according to the report.
  • Who reported the Coinbase-BVNK talks? Bloomberg journalists Olga Kharif and Matthew Monks first broke the story.
  • Why is Coinbase pursuing BVNK? The deal supports Coinbase’s expansion into stablecoin payments and revenue diversification.
  • Who else has invested in BVNK? BVNK’s backers include Citi Ventures, Haun Ventures, and Visa.

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