November 4, 2025 — According to reports, Coinbase is reportedly in late-stage talks to acquire London-based stablecoin infrastructure startup BVNK, in a transaction valued at approximately US$2 billion.
Coinbase Deal Highlights
- Coinbase is negotiating to purchase BVNK, which offers enterprise-level stablecoin payment infrastructure, helping merchants accept stablecoins and manage digital asset settlement.
- The deal is expected to close by end of 2025 or early 2026, subject to due diligence and final approvals.
- Coinbase’s venture capital arm, Coinbase Ventures, is already an investor in BVNK, indicating alignment ahead of acquisition.
- The acquisition aligns with Coinbase’s growing emphasis on stablecoins and payments: stablecoin-related business reportedly accounted for around 20 % of its revenue in Q3 2025 (~US$246 million) according to some reports.
Why This Matters
Strategic Shift for Coinbase
This move marks a clear pivot from pure crypto trading towards becoming a payments + stablecoin infrastructure platform. By acquiring BVNK, Coinbase gains advanced merchant-stablecoin payment capabilities and enterprise infrastructure, broadening its addressable market beyond retail crypto trading.
Strengthening Stablecoin Ecosystem
With regulatory clarity emerging (e.g., in the U.S. for stablecoins), enterprises are increasingly seeking stablecoin settlement, tokenization, and programmable payments. The acquisition positions Coinbase to capture this wave by offering merchant tools, treasury services, and settlement rails built on stablecoins.
Competitive Advantage
By integrating BVNK’s infrastructure, Coinbase may create a differentiated service offering: enabling merchants and fintechs to accept stablecoin payments, leverage on-chain settlement, and access digital-asset liquidity, all under one roof. This could pull ahead of competitors who are still focused primarily on trading.
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The high potential acquisition of BVNK by Coinbase signals a major strategic turning point: moving from being a “crypto exchange” towards becoming a full-stack player in digital-asset payment infrastructure. With stablecoins at the heart of the next phase of blockchain adoption (especially in cross-border payments, tokenization, and programmable money) this deal places Coinbase at a critical inflection point.
If executed well, the move could reshape how merchants, fintechs, and institutions adopt stablecoins, and accelerate the evolution of crypto utilities beyond speculation into real-world payments.
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