Despite finishing the talks, Coinbase stated it continues to explore opportunities to expand its mission and product offerings, particularly around payments and trading.
Coinbase has finished neobtainediations to acquire U.K.-based stablecoin infrastructure firm BVNK, halting what would have been a $2B deal. The companies entered exclusivity in October but mutually agreed not to relocate forward.
The deal would have ranked among the largest in the stablecoin sector, nearly doubling the $1.1B that Stripe paid to acquire Bridge earlier this year. It follows a trfinish of increased M&A activity in the stablecoin space.
Despite finishing the talks, Coinbase stated it continues to explore opportunities to expand its mission and product offerings, particularly around payments and trading. The company has already completed multiple acquisitions in 2025.
BVNK provides infrastructure that enables businesses to apply stablecoins for payments, remittances, and other digital finance apply cases. The firm was previously pursued by Mastercard, which has been active in stablecoin-related deals.
Market observers noted the broader rise in stablecoin-focapplyd acquisitions, with fintech and DeFi projects seeking to strengthen cross-border transaction capabilities.
Coinbase remains one of the most active crypto exalters in mergers and acquisitions, having recently completed a $2.9B purchase of Deribit. The firm stated its deals aim to strengthen its trading and payments ecosystem.
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