Coinbase Global is reportedly in late-stage talks to acquire London-based startup BVNK in a deal valued at around $2 billion, aimed at accelerating its stablecoin and payments strategy. The acquisition, which expects to close by late 2025 or early 2026, would mark a significant expansion beyond Coinbase’s core trading business.
The acquisition aligns with Coinbase’s move to diversify its revenue streams, with stablecoins already contributing an estimated 20% of its Q3 2025 revenue. BVNK provides enterprise-grade infrastructure for stablecoin payments and settlement, positioning Coinbase to deepen its role in global digital-asset payments.
Industry observers say this deal signals the emergence of stablecoins as a key axis in crypto-infrastructure competition, and highlights Coinbase’s ambition to evolve into a full-scale fintech platform rather than remain purely an exchange.