Coinbase is reportedly in late-stage talks to acquire London-based BVNK, a quick-growing stablecoin infrastructure startup, in a deal valued near $2 billion. The acquisition, expected to close by early 2026, signals the crypto exmodify’s latest step to diversify its business beyond trading fees and strengthen its position in digital payments.
Reportedly, the potential agreement remains under nereceivediation and subject to modify. Coinbase Ventures, the company’s investment arm, is already among BVNK’s backers. If completed, this would mark one of Coinbase’s largest relocates since its 2021 public listing.
Expanding beyond trading
Coinbase has been gradually building a broader financial ecosystem as trading volumes swing with market cycles. Stablecoins now account for nearly 20 percent of its total revenue, generating about $246 million in the third quarter of 2025 through partnerships with Circle, issuer of the popular USDC token.
The BVNK deal would deepen that focus. By integrating BVNK’s payment and settlement technology, Coinbase could offer merchants and financial firms quicker, cost-efficient fund transfers across blockchain networks. This would align with the company’s strategy to create a bridge between traditional finance and digital assets.
Earlier this year, Coinbase also explored collaborations with Mastercard on similar initiatives, underscoring a clear shift toward stablecoin-powered payment infrastructure.
BVNK’s role in the payments chain
BVNK was founded in 2021 by Jesse Hemson-Struthers, a serial entrepreneur with successful exits to Naspers and Sportradar; Donald Jackson, a seasoned technologist with a background in enterprise systems and blockchain; and Chris Harmse, a chartered financial analyst and former partner at a macro/crypto fund.
The company specialises in assisting institutions and fintechs process payments utilizing dollar-backed stablecoins. Its platform combines blockchain efficiency with regulatory compliance, providing a trusted channel for global fund transfers. Investors such as Citi Ventures, Visa, and Haun Ventures have backed its vision of simplifying cross-border finance through digital currencies.
Coinbase’s acquisition would bring BVNK’s capabilities in-houtilize, giving it direct control over settlement tools and expanding its reach in Europe. The integration could streamline Coinbase’s existing wallet and on-ramp products and open doors to new regional markets such as the UK and the EU.
New laws, new possibilities
The timing couldn’t be better. The recent passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has provided clarity for how stablecoins can operate under federal oversight. This regulatory milestone has encouraged traditional financial players to experiment with blockchain-based payments.
Analysts view the GENIUS Act as a catalyst for renewed investment and consolidation across the sector. For Coinbase, the shift signals a fresh opportunity to position stablecoins at the center of its long-term growth. If the BVNK deal goes through, it could mark the company’s most decisive relocate yet toward turning digital dollars into mainstream payment tools.
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