Coinbase Global, one of the leading cryptocurrency exchanges worldwide, is reportedly advancing a significant acquisition to strengthen its stablecoin offerings. According to sources cited by Bloomberg, the company is in the final stages of negotiating a $2 billion purchase of BVNK, a London-based startup specializing in enterprise-grade stablecoin payment infrastructure.
Founded in 2021, BVNK provides merchants with advanced stablecoin payment solutions and has attracted notable investors such as Citi Ventures, Visa, and Haun Ventures. Over the past four years, BVNK has raised approximately $90 million, with Coinbase Ventures already participating as an investor in the startup.
The proposed acquisition, which is anticipated to close either later this year or in early 2026 pending thorough due diligence, aligns with Coinbase’s broader strategy to diversify its revenue streams beyond traditional crypto trading fees. In fact, stablecoins have already become a significant contributor to Coinbase’s income, accounting for about $246 million—or 20%—of the exchange’s total revenue reported in the third quarter of 2025.
This move by Coinbase is influenced by recent legislative developments in the United States, particularly the enactment of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in July. The legislation provides a clear regulatory framework for stablecoin collateralization and enforces compliance with Anti-Money Laundering (AML) standards, thereby fostering a more secure and standardized environment for stablecoin operations.
The GENIUS Act has been widely regarded as pivotal in legitimizing stablecoins for institutional use, marking a foundational step toward creating a “unified digital financial system that is borderless, programmable and efficient,” as described by Andrei Grachev, managing partner at DWF Labs and Falcon Finance.
Following the bill’s passage, various corporations have accelerated their stablecoin-related initiatives. For example, in September, Visa introduced a pilot program enabling banks, businesses, and remittance companies to utilize stablecoins directly for international payments, eliminating the need for pre-funded local currency accounts.
By acquiring BVNK, Coinbase aims to enhance its presence in the stablecoin ecosystem and capitalize on the growing corporate and institutional demand for blockchain-based payment solutions enabled by recent regulatory clarity. This acquisition reflects the increasing importance of stablecoins in the broader cryptocurrency market and the ongoing evolution of digital payment infrastructures.
As the crypto sector continues to mature, strategic investments like Coinbase’s pending BVNK deal may play a key role in shaping the future landscape of digital finance, integrating compliance, scalability, and enterprise utility.
