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U.S.-based crypto exchange giant Coinbase is reportedly in the final stages of negotiations to acquire London-based BVNK, a fast-growing startup that provides stablecoin payment infrastructure, in a deal valued at around $2 billion.
🚨 JUST IN: Coinbase is in advanced talks to acquire London-based BVNK, a stablecoin infrastructure leader deal valued between $1.5B–$2.5B.
Stablecoin rails = RWA rocket fuel. 🚀 pic.twitter.com/08OmG7B50h
— Real World Asset Watchlist (@RWAwatchlist_) November 1, 2025
According to people familiar with the matter, the talks have progressed through due diligence but are not yet finalized. The acquisition could be completed as early as late 2025 or early 2026.
Coinbase’s Stablecoin Push and Strategic Shift
BVNK, founded in 2021, enables businesses to send and receive payments in multiple digital and fiat currencies using stablecoin rails. The company counts Citi Ventures and Visa among its investors and has raised about $90 million to date.
Coinbase, which already holds a minority stake in BVNK through its investment arm Coinbase Ventures, sees the acquisition as a way to expand beyond trading fees and solidify its role in the global payments ecosystem.
Stablecoin-related revenue now represents approximately 20% of Coinbase’s total income, a figure that has surged since the passage of the GENIUS Act, a new U.S. law establishing a regulatory framework for stablecoins.
Competing for the Future of Blockchain Payments
By acquiring BVNK, Coinbase aims to secure a leading position in the blockchain-based payments market, outpacing rivals like Mastercard that are also exploring tokenized payment systems.
BVNK’s platform supports instant cross-border transactions and automatic conversion between fiat and stablecoins, such as USDC, which is issued on the Ethereum blockchain.
The company’s robust compliance record , including certifications like ISO 27001 and SOC 2 Type II , makes it an attractive acquisition target as institutional adoption of digital payments accelerates.
A New Chapter for Coinbase
If finalized, the acquisition would mark a major milestone in Coinbase’s evolution from an exchange into a comprehensive digital finance platform.
The company plans to leverage BVNK’s infrastructure to expand USDC-powered payment solutions across sectors such as marketplaces, travel, gaming, and freelance platforms.
With regulatory clarity improving in the U.S. and global demand for digital payments rising, Coinbase’s move signals a bold step toward a regulated, borderless financial future.
