Coinbase in Advanced Talks to Acquire Stablecoin Payment Provider BVNK for $2 Billion

Coinbase is in advanced negotiations to acquire BVNK, a London-based stablecoin payment infrastructure provider, in a deal valued at approximately $2 billion. The acquisition would give the U.S. exchange control over merchant payment systems connecting blockchain and traditional finance. Sources familiar with the matter say the transaction could close before the end of 2025, subject to completion of due diligence.