Coinbase mulls $2B BVNK startup acquisition in stablecoin push: report

Coinbase Global is reportedly in late-stage discussions to acquire the London-based stablecoin infrastructure startup BVNK for $2 billion, with the deal potentially closing later this year or in early 2026, pending due diligence. This acquisition is part of Coinbase's strategy to expand its stablecoin operations, which already accounted for about $246 million, or 20%, of its Q3 2025 revenue. The move follows the passage of the GENIUS Act in July, which established clear rules for stablecoin collateralization and compliance, legitimizing stablecoins for institutional use and sparking broader corporate interest in blockchain payments. Coinbase Ventures is already an investor in BVNK, which offers enterprise-grade stablecoin payments and has previously raised $90 million from investors like Citi Ventures and Visa.

(Source：Cointelegraph)