Coinbase’s planned $2 billion acquisition of BVNK, a stablecoin infrastructure startup, could solidify its position in enterprise stablecoin payments and broaden its digital asset service offerings.
Coinbase is negotiating a $2 billion deal to acquire BVNK, a stablecoin infrastructure startup founded in 2021, with completion expected by late 2025 or early 2026 pending due diligence. Coinbase Ventures is already an investor in BVNK, which specializes in enterprise stablecoin payment solutions. This acquisition, part of Coinbase’s broader expansion strategy in the stablecoin sector, comes after strong Q3 2025 earnings of $1.9 billion revenue and $432.6 million profit, up 55% year-over-year. The transaction follows earlier industry talks involving Mastercard and aligns with a growing trend of stablecoin-related deals post-U.S. GENIUS Stablecoin Act introduction.