Coinbase Goes Big: $2B BVNK Buyout Sparks Stablecoin Shockwave#
Coinbase Global Inc. is reportedly nearing a $2 billion acquisition of London-based stablecoin platform BVNK, signaling a significant...
Quick overview
- Coinbase is reportedly close to acquiring BVNK for $2 billion, marking a significant move into digital payments infrastructure.
- The acquisition could enhance Coinbase's revenue, with stablecoins already contributing nearly 20% of its total income.
- BVNK's merchant network and compliance capabilities would streamline cross-border transactions for Coinbase.
- This deal aligns with Coinbase's strategy to lead in regulated digital payments as US crypto regulations evolve.
Coinbase Global Inc. is reportedly nearing a $2 billion acquisition of London-based stablecoin platform BVNK, signaling a significant expansion into digital payments infrastructure. According to Bloomberg, the deal is in advanced negotiations, with due diligence already underway. Insiders reveal that the transaction could close by late 2025 or early 2026, though terms remain subject to change.
By Q3 2025, USDC was generating nearly 20% of the company’s total income, mainly because of the nice little earner they were getting from their deal with Circle Internet Group, the people behind USDC. This partnership lets Coinbase get in on a bit of the action as Circle’s reserve assets start paying interest.
Not that they were slacking off either—they’d been working hard to get USDC into more of the places people use, like Shopify, so businesses can take crypto payments with next to no hassle. And in the meantime, they’d wrangled themselves some pretty sweet exclusive negotiating rights with BVNK after a pretty intense bidding battle, which only goes to show how far ahead of the game Coinbase is in the stablecoin stakes.
If completed, the BVNK buyout would be Coinbase’s largest fintech acquisition since its public debut, reflecting growing institutional confidence in stablecoins, blockchain-based assets pegged to fiat currencies.
🚨JUST IN: Coinbase nears $2 BILLION acquisition of stablecoin startup BVNK. pic.twitter.com/WhRbroPRid
— Coin Bureau (@coinbureau) November 1, 2025
Stablecoins Fuel Coinbase’s Growth
Stablecoins have rapidly evolved into one of Coinbase’s top-performing revenue streams. If Coinbase gets its hands on BVNK, it’ll gain access to a large merchant network, which should make cross-border bill settlement much easier and more efficient. And it’s all part of a bigger push – following on from their recent experiment with Citigroup using stablecoins to make corporate payments.
It was last month that Coinbase CEO Brian Armstrong told lawmakers that the US crypto regulations bill was in the bag—90% of lawmakers were on the same page, and it was almost certain to pass before the year was out. And if the BVNK deal goes ahead as planned, it’ll be even clearer that Coinbase is leading the charge in all this regulated digital payments business, plugging the gap between old finance and new crypto networks worldwide.
Key highlights of Coinbase’s stablecoin expansion include:
- 20% of quarterly revenue derived from stablecoins
- Strategic partnership with Circle and Shopify integration
- Exclusive acquisition rights for BVNK following competitive bids
This diversification strategy comes as the US enacts its first stablecoin regulatory framework, providing a clearer path to compliant growth.
BVNK Adds Merchant Network and Compliance Edge
Founded in 2021, BVNK has raised $90 million to date and quickly emerged as a fintech leader in crypto and stablecoin payments. Its infrastructure enables merchants to process both fiat and blockchain-based transactions with full regulatory compliance — a feature that makes it particularly attractive to institutional investors.
Coinbase’s acquisition would give it access to BVNK’s vast merchant network, streamlining cross-border settlements and improving payment efficiency. This follows a recent Coinbase–Citigroup pilot project exploring stablecoin-based corporate payments to modernize financial transfers between traditional and crypto accounts.
Coinbase CEO Brian Armstrong recently told lawmakers that the long-anticipated US crypto market structure bill is “90% aligned” across party lines and likely to pass before year-end. If the BVNK deal closes as expected, it will position Coinbase at the forefront of regulated digital payments, bridging traditional finance and decentralized networks on a global scale.
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