Coinbase eyes $2 billion BVNK acquisition to boost stablecoin strategy #
Coinbase is in talks to acquire UK-based fintech BVNK in a deal valued at around $2 billion, as part of its effort to strengthen its stablecoin and cross-border payments business, according to Bloomberg. The negotiations, which are still ongoing, reflect Coinbase’s ambition to expand its institutional infrastructure and global regulatory footprint amid intensifying competition in digital asset settlements
BVNK, backed by investors including Tiger Global and Mastercard, offers crypto payments and banking infrastructure for businesses, helping them manage on- and off-ramps between fiat and digital assets. The acquisition would provide Coinbase with ready-made access to BVNK’s payment network, liquidity tools, and compliance frameworks across Europe and other regulated markets
If completed, the deal would mark one of Coinbase’s largest acquisitions to date and signal a renewed push into stablecoin-based financial infrastructure, an area gaining momentum following PayPal’s PYUSD expansion and JPMorgan’s tokenized collateral initiatives. Both companies declined to comment on the ongoing talks.