Coinbase Mulls $2b Bvnk Startup Acquisition In Stablecoin Push: Report

Stablecoins are becoming an important source of income for Coinbase, as they accounted for about 20% of the exchange’s total revenue during the third quarter of 2025.

Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments.

Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, according to a report by Bloomberg, citing people familiar with the matter.

The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source.

The stablecoin push could bring an additional source of revenue for Coinbase, which primarily relies on cryptocurrency trading fees to generate profits.

However, about $246 million, or 20% of Coinbase’s revenue, came from stablecoins during the third quarter of 2025, according to the exchange’s earnings results, published on Thursday.

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Founded in 2021, London-based BVNK offers merchants enterprise-grade stablecoin payments. Coinbase’s venture capital wing, Coinbase Ventures, is an investor in the stablecoin infrastructure startup.

BVNK raised $90 million in funding over the past four years, from investors including Citi Ventures, Visa and Haun Ventures, according to the startup’s homepage.

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Source: CoinTelegraph