TLDR
- Coinbase Global Inc. is in late-stage talks to acquire stablecoin infrastructure startup BVNK for $2 billion.
- The deal could close later this year or in early 2026 pending due diligence from the exchange.
- Coinbase generated $246 million from stablecoins in the third quarter of 2025, representing 20% of its total revenue.
- BVNK was founded in 2021 and has raised $90 million in funding from investors including Citi Ventures, Visa, and Haun Ventures.
- Coinbase Ventures already holds an investment position in BVNK through its venture capital arm.
Coinbase Global Inc. is in advanced discussions to acquire stablecoin infrastructure startup BVNK for $2 billion. The deal represents a significant move by the cryptocurrency exchange to expand its stablecoin operations. Bloomberg reported the negotiations, citing sources familiar with the matter.
Acquisition Details and Timeline
The transaction could close later this year or in early 2026, according to anonymous sources. Coinbase is currently conducting due diligence on BVNK before finalizing the agreement. The world’s third-largest cryptocurrency exchange aims to diversify its revenue streams through this acquisition.
BVNK was founded in 2021 and operates from London, providing enterprise-grade stablecoin payment solutions. The startup has raised $90 million in funding over four years from prominent investors. Citi Ventures, Visa, and Haun Ventures are among BVNK’s financial backers.
Coinbase generated $246 million from stablecoins in the third quarter of 2025, accounting for 20% of its total revenue. The exchange published these earnings results on Thursday, highlighting the growing importance of stablecoin operations. Trading fees remain the primary revenue source for Coinbase, but stablecoins are becoming increasingly important.
Coinbase Ventures already holds an investment position in BVNK through its venture capital arm. This existing relationship could facilitate smoother integration if the acquisition proceeds. The deal would strengthen Coinbase’s position in the institutional stablecoin payment sector.
GENIUS Act Drives Industry Interest
The Guiding and Establishing National Innovation for US Stablecoins Act passed in July 2025. This legislation established clear rules for stablecoin collateralization and compliance requirements. The GENIUS Act mandates adherence to Anti-Money Laundering laws for stablecoin issuers.
Andrei Grachev, managing partner at DWF Labs and Falcon Finance, commented on the legislation’s impact. “The bill has legitimized stablecoins for institutional usage,” Grachev told Cointelegraph. He described it as the first step toward a unified digital financial system.
Visa launched a pilot program in September enabling direct stablecoin funding for international payments. Banks, businesses, and remittance firms can now use stablecoins instead of pre-funding local accounts. This program demonstrates growing corporate adoption of blockchain-based payment infrastructure.
The GENIUS Act has catalyzed a wave of stablecoin initiatives from major financial institutions. Multiple payment companies have announced plans to develop or integrate stablecoin solutions. The legislation has created regulatory clarity that encourages institutional participation.
Coinbase’s potential acquisition of BVNK reflects broader industry trends toward investment in stablecoin infrastructure. The $2 billion price tag indicates strong confidence in the stablecoin payment market. BVNK’s merchant-focused platform aligns with Coinbase’s strategy to serve enterprise clients.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
