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Coinbase Eyes $2 Billion BVNK Takeover To Expand Beyond Trading Into Global Payments

In a move that could reshape the digital payments landscape, Coinbase is reportedly in advanced negotiations to acquire BVNK, a London-based fintech specializing in stablecoin infrastructure. The proposed deal—valued at around $2 billion—marks one of the largest potential acquisitions in the crypto industry this year.

According to sources familiar with the matter, Coinbase aims to finalize the deal by late 2025 or early 2026, pending regulatory approval and final due diligence. The acquisition would represent a major step for the U.S.-based exchange as it diversifies beyond crypto trading and positions itself at the forefront of blockchain-powered financial services.

Coinbase’s Strategic Move Toward Payments

Coinbase’s potential acquisition of BVNK underscores its ambition to evolve from a crypto trading platform into a full-scale financial services provider. By acquiring BVNK, the company would gain a powerful payment infrastructure designed for both fiat and crypto transactions—an essential component in bridging traditional finance with blockchain technology.

Source: Coinbureau X

While trading remains Coinbase’s largest revenue source, the company has made clear its intent to reduce dependency on trading fees. In its Q3 2025 earnings report, Coinbase posted $433 million in profit, largely driven by rising stablecoin revenue and institutional activity. However, with market volatility always looming, expanding into stablecoin-based payments provides a more stable, recurring income stream.

BVNK’s technology, which enables merchants to process payments in both fiat and digital assets, fits neatly into Coinbase’s long-term vision: a borderless, open financial system where stablecoins replace legacy payment rails.

What Is BVNK and Why It Matters

Founded in 2021, BVNK has quickly emerged as one of Europe’s most promising fintech startups. Headquartered in London, the company’s mission is to make global payments faster, cheaper, and more inclusive through blockchain infrastructure.

BVNK’s clients can accept payments in cryptocurrencies or traditional currencies and instantly convert between them, bypassing the delays and fees of conventional banking systems.

Backed by investors such as Visa, Citi Ventures, Haun Ventures, and Coinbase Ventures, BVNK has raised over $90 million to date. The company’s rapid growth reflects the growing demand for hybrid payment systems that can operate seamlessly between digital and fiat economies.

For Coinbase, the acquisition would not only deliver cutting-edge technology but also grant access to BVNK’s merchant network and global compliance systems—key assets in expanding its business-to-business payment operations.

Stablecoins: The Core of Coinbase’s Expansion

Stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar—have become a cornerstone of Coinbase’s business model. They accounted for nearly 20% of Coinbase’s total Q3 2025 revenue, thanks to its partnership with Circle, the issuer of USDC.

Through that partnership, Coinbase earns interest income from reserves backing USDC and collects transaction fees from users and institutions utilizing the token for payments and trading.

With BVNK’s integration, Coinbase could scale these operations significantly, enabling merchants worldwide to settle transactions in stablecoins, issue invoices in digital dollars, and reduce dependence on traditional banks.

This aligns perfectly with Coinbase CEO Brian Armstrong’s long-standing mission: to build an open financial system that empowers global commerce through crypto and stablecoin adoption.

The Regulatory Landscape: A Tailwind for Stablecoin Growth

The timing of the potential acquisition is strategic. Earlier this year, the United States introduced its first stablecoin regulatory framework, offering long-awaited legal clarity to issuers and financial institutions.

The new regulation has encouraged major players like Visa, Mastercard, and several large banks to explore blockchain payment solutions. With a compliant infrastructure like BVNK’s, Coinbase could leverage this momentum to integrate stablecoins into everyday payment use cases—from payroll systems to international settlements.

Armstrong has repeatedly highlighted that stablecoins are “the next evolution of money,” predicting they will play a pivotal role in global trade over the next decade. With BVNK under its wing, Coinbase would have both the regulatory compliance and technology to lead that transformation.

The Negotiation Stage and What Comes Next

Sources indicate that negotiations between Coinbase and BVNK are in their final stages, with both companies conducting due diligence to assess financial, technical, and regulatory details. Coinbase currently holds exclusive negotiation rights, meaning no other bidders are involved.

While the deal’s valuation could range between $1.5 billion and $2.5 billion, it remains subject to change. If successful, the acquisition could close by the end of 2025 or early 2026, marking one of Coinbase’s largest takeovers since its founding in 2012.

However, as with any major M&A deal, there’s still a chance it may fall through due to regulatory hurdles, valuation disagreements, or integration challenges.

Even if the deal doesn’t finalize, the ongoing discussions reveal a clear strategic direction for Coinbase—toward becoming a global payment and financial technology leader, not just a crypto exchange.

The Broader Market Context

The acquisition talks come at a time when the crypto market is undergoing a significant structural shift. As Bitcoin and Ethereum consolidate their positions as major store-of-value assets, the focus has shifted to utility-driven crypto use cases, especially stablecoins and real-world payments.

The global stablecoin market has grown exponentially, reaching over $160 billion in circulation. With increased adoption by fintech companies and regulatory clarity, analysts predict it could surpass $500 billion by 2028.

Coinbase’s move into this space could give it a strong competitive edge against both traditional payment giants like PayPal and new blockchain-native rivals such as Ripple and Circle.

What Happens If the Deal Is Finalized

If the acquisition is completed, Coinbase would immediately position itself as a dominant player in blockchain payments. The company would be able to offer businesses worldwide:

• Instant cross-border transactions using stablecoins.

• Integrated payment APIs for merchants.

• Multi-currency settlement systems supporting both fiat and digital assets.

• Expanded compliance and anti-money laundering (AML) capabilities through BVNK’s established frameworks.

This would also enhance Coinbase’s ability to serve institutional clients seeking stable, blockchain-based settlement solutions. In the long term, Coinbase could even compete head-to-head with Stripe, Adyen, and PayPal, offering faster and cheaper alternatives powered by blockchain rails.

Final Thoughts

Whether or not the BVNK acquisition ultimately closes, Coinbase’s strategy is clear: to move beyond crypto trading and become a global leader in digital payments and stablecoin infrastructure.

The potential deal represents more than just another merger—it’s a signal of where the industry is heading. As stablecoins gain regulatory approval and mainstream adoption, companies that can provide secure, scalable payment systems will shape the future of money.

If Coinbase succeeds in integrating BVNK’s technology and merchant network, it could mark a defining moment for the crypto-to-fiat payments revolution, bringing blockchain closer to everyday financial life.

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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