Coinbase Global Inc. is reportedly in advanced discussions to acquire London-based stablecoin infrastructure startup BVNK in a deal valued at about $2 billion. The potential acquisition, which remains under negotiation, signals one of Coinbase’s most significant strategic moves as it accelerates efforts to expand beyond trading into blockchain-based financial infrastructure.
According to Bloomberg, reports that the talks are in late stages, though no final agreement has been reached. If completed, the deal could close by late 2025 or early 2026, pending regulatory reviews and due diligence. The move highlights Coinbase’s ambition to position itself at the centre of the growing stablecoin economy, which is rapidly becoming a critical component of the global payments landscape.
Founded in 2021, BVNK builds enterprise-grade payment infrastructure that connects traditional financial institutions with blockchain technology. Its platform allows businesses to issue, manage, and process stablecoin transactions with compliance-focused systems, enabling seamless integration between fiat and crypto payments. BVNK counts major investors such as Visa among its backers and has earned a reputation for bridging digital assets and banking.
Coinbase Ventures, the exchange’s investment arm, is already an early investor in BVNK. The potential acquisition would deepen that relationship, giving Coinbase greater control over the stablecoin value chain, from issuance and custody to settlements and institutional payment solutions. By consolidating these functions under one roof, Coinbase aims to strengthen its infrastructure play and reduce dependency on third-party providers.
Stablecoins, digital tokens pegged to fiat currencies like the U.S. dollar, have evolved from niche instruments into a multi-trillion-dollar pillar of the global crypto economy. They serve as essential tools for remittances, on-chain payments, and decentralised finance, providing liquidity and stability across markets. Coinbase’s reported interest in BVNK underscores its belief that stablecoins will anchor the next phase of blockchain adoption, particularly as regulatory clarity continues to improve in major jurisdictions.
The acquisition would also mark a change in Coinbase’s broader business model. With trading volumes fluctuating under market conditions, the company has sought to diversify revenue streams by expanding into payments, custody, and compliance infrastructure. BVNK’s technology and network could accelerate that transition, giving Coinbase the operational reach to serve enterprises and fintechs seeking to integrate blockchain into global payments.
However, challenges remain. Western regulators are still defining comprehensive frameworks for stablecoin issuance, custody, and usage. Coinbase will have to ensure compliance with evolving anti-money laundering (AML), counter-terrorism financing (CTF), and consumer protection laws across multiple jurisdictions. The company will also face strong competition from Circle, Ripple, and Stellar, which are already building stablecoin-based settlement and remittance systems.
If the deal is finalised, it could become one of the largest acquisitions in the crypto sector’s history, reaffirming Coinbase’s status as an industry consolidator and innovation leader. More importantly, it signals how traditional finance and blockchain are merging, not as competitors, but as collaborators in building the next generation of digital money infrastructure.
