Coinbase Global Inc., one of the world’s largest cryptocurrency exchanges, is reportedly in advanced talks to acquire the UK-based startup BVNK, a company specializing in stablecoin payment infrastructure, according to a Bloomberg report. The deal is valued at approximately $2 billion and could be completed by early 2026, pending Coinbase’s internal due diligence process.
Founded in 2021 in London, BVNK provides stablecoin payment solutions for enterprises and has raised around $90 million in funding from investors including Citi Ventures, Visa, and Haun Ventures. Coinbase Ventures is already a minority shareholder in the startup.
Coinbase’s growing interest in stablecoins follows a significant increase in revenue from this segment. In the third quarter of 2025, around 20% of the company’s total revenue — approximately $246 million — came from stablecoin-related activities.
The acquisition of BVNK would strengthen Coinbase’s position in the digital payments market and support its expansion into blockchain infrastructure for financial institutions.