Coinbase Eyes $2B BVNK Buy Amid Stablecoin Revenue Surge

- Coinbase reportedly nearing $2 billion deal to acquire stablecoin infrastructure firm BVNK. - Acquisition aims to bolster stablecoin revenue and expand blockchain-based payment solutions. On October 31, 2025, Bloomberg reported that Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is in advanced talks to acquire BVNK, a leading stablecoin infrastructure startup based in London. The deal is reportedly valued at $2 billion, and Coinbase expects to finalize the acquisition by late 2025 or early 2026, pending successful due diligence. This strategic acquisition marks a significant push by Coinbase into the stablecoin market, a segment that constituted approximately 20% of the company's total revenue in the third quarter of 2025. BVNK’s expertise in payment infrastructure, merchant networks, and compliance systems could bolster Coinbase’s efforts to expand its cross-border payment services and blockchain-driven commerce solutions. The move comes at a pivotal time, as regulatory developments in the United States provide increasing clarity for stablecoin adoption. The recently passed Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act legitimized the financial sector's use of stablecoins, which has consequently fueled corporate interest in on-chain settlements and blockchain-based payments. Coinbase’s venture capital arm is already an investor in BVNK, illustrating the synergy between the two firms. In addition, this acquisition allows Coinbase to gain an edge over competitors like Mastercard, which was previously in advanced talks with BVNK earlier this year. Meanwhile, the broader stablecoin market remains active. According to recent market data on November 2, 2025, Tether USDt (USDT) traded at $1, while its 24-hour trading volume changed by -0.075%.