Coinbase crypto exchange is reportedly in late-stage talks to acquire stablecoin startup BVNK in a $2 billion acquisition.
Stablecoins are becoming an important source of income for Coinbase, as they accounted for about 20% of the exchange’s total revenue during the third quarter of 2025.Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments.
The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source. The stablecoin push could bring an additional source of revenue for Coinbase, which primarily relies on cryptocurrency trading fees to generate profits.Founded in 2021, London-based BVNK offers merchants enterprise-grade stablecoin payments. Coinbase’s venture capital wing, Coinbase Ventures, is an investor in the stablecoin infrastructure startup. BVNK raised $90 million in funding over the past four years, from investors including Citi Ventures, Visa and Haun Ventures, according to the startup’sThe $2 billion deal would mark the latest large-scale acquisition amid a growing wave of corporate interest in stablecoins, catalyzed by the passage of the Guiding and Establishing National Innovation for US Stablecoins Act in July.stablecoins for institutional usage, as the “first step” toward establishing a “unified digital financial system which is borderless, programmable and efficient,” Andrei Grachev, managing partner at DWF Labs and Falcon Finance, told Cointelegraph.pilot program that enabled banks, businesses, and remittance firms to fund international payments directly with stablecoins, rather than pre-funding local accounts.Bitcoin may drop 70% before $1M, MEXC’s ‘white whale’ apology: Hodler’s Digest, Oct. 26 – Nov. 1
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