Coinbase’s $2 Billion BVNK Acquisition Signals Major Stablecoin Market Domination

Coinbase makes power move with massive $2 billion acquisition of BVNK

Stablecoin Expansion Accelerates

The crypto giant positions itself to dominate the $150 billion stablecoin market—because apparently regular fiat wasn't volatile enough for traditional finance types. This acquisition bypasses years of organic growth, cutting directly to market leadership in the rapidly expanding digital dollar ecosystem.

Strategic Positioning

Coinbase leverages BVNK's infrastructure to challenge Tether and Circle's dominance. The $2 billion price tag shows how seriously the exchange takes stablecoin revenue streams—because trading fees alone just weren't cutting it for shareholder returns.

Market Impact

This deal reshapes the entire crypto financial landscape overnight. Traditional banks watching from the sidelines must be wondering when their stablecoin projects became obsolete—probably around the same time they realized blockchain doesn't need their permission to revolutionize finance.

TLDR

• Coinbase is in late-stage talks to acquire stablecoin startup BVNK for approximately $2 billion, with a deal expected to close in late 2025 or early 2026
• Stablecoins generated $246 million or 20% of Coinbase’s total revenue in Q3 2025, showing growing importance beyond trading fees
• London-based BVNK provides enterprise-grade stablecoin payment infrastructure for merchants and has raised $90 million from investors including Citi Ventures and Visa
• The deal follows passage of the GENIUS Act in July 2025, which established regulatory framework for stablecoins in the United States
• Coinbase Ventures already holds an investment stake in BVNK, which was founded in 2021

Coinbase Global Inc. is reportedly negotiating to acquire BVNK, a stablecoin infrastructure startup, in a deal worth approximately $2 billion. The acquisition discussions are in late stages, according to people familiar with the matter who spoke with Bloomberg.

“Coinbase $COIN is in late-stage talks to acquire stablecoin infrastructure startup BVNK in a roughly $2 billion deal, pending due diligence, according to people familiar with the matter.” pic.twitter.com/I5Wu60QvO4

— Jevgenijs Kazanins (@jevgenijs) November 1, 2025

The deal could close later this year or in early 2026. Coinbase is currently conducting due diligence on the London-based company.

BVNK provides enterprise-grade stablecoin payment services to merchants. The startup was founded in 2021 and has raised $90 million in funding over four years.

Investors in BVNK include Citi Ventures, Visa, and Haun Ventures. Coinbase Ventures, the exchange’s investment arm, is also a backer of the startup.

Growing Revenue from Stablecoins

Stablecoins are becoming a larger part of Coinbase’s business model. The exchange generated $246 million from stablecoin-related products in the third quarter of 2025.

This represents 20% of Coinbase’s total revenue for that period. The company has traditionally relied on cryptocurrency trading fees as its main income source.

The BVNK acquisition WOULD add another revenue stream for Coinbase. It would strengthen the exchange’s position in the stablecoin payment sector.

Coinbase told Bloomberg it “actively explores” opportunities that align with its mission. The company declined to confirm or deny the specific acquisition talks.

Regulatory Changes Drive Interest

The deal comes after the United States passed the GENIUS Act in July 2025. The legislation established rules for stablecoin collateralization and compliance requirements.

The act requires stablecoin issuers to follow Anti-Money Laundering laws. It has made stablecoins more acceptable for institutional use.

Industry experts say the law legitimized stablecoins for corporate adoption. It represents a step toward a unified digital financial system.

Multiple payment companies have announced stablecoin initiatives since the law passed. Visa launched a pilot program in September allowing businesses to fund international payments directly with stablecoins.

The program lets banks and remittance firms use stablecoins instead of pre-funding local accounts. Other major payment processors are exploring similar blockchain-based settlement options.

BVNK’s technology could integrate with Coinbase Business, a recently launched platform for crypto-powered invoicing and payments. The acquisition would position Coinbase as a major player in the evolving payments landscape.

Coinbase is the world’s third-largest cryptocurrency exchange by trading volume. The company operates the Coinbase Ventures investment fund that backs blockchain startups.