Coinbase Pursues Landmark Acquisition in Strategic Expansion Push

Coinbase is reportedly in advanced negotiations to acquire BVNK, a London-based company specializing in stablecoin payment infrastructure. This potential transaction, valued at up to $2.5 billion, would represent the largest acquisition in stablecoin infrastructure history and signals a major strategic move by the cryptocurrency exchange.

The acquisition process has evolved into a competitive situation, with payment giant Mastercard also vying for BVNK according to sources familiar with the matter. Multiple informed sources indicate Coinbase currently holds the leading position in these discussions. BVNK’s technology enables businesses to seamlessly integrate stablecoins into their payment systems and global treasury operations—addressing a market that has grown to exceed $300 billion.

Market response to the news proved volatile. Coinbase shares initially surged 3.54% before... Read more...