As per Biji Network, Coinbase is reportedly in discussions to acquire London-based stablecoin infrastructure company BVNK for between $1.5 billion and $2.5 billion. The deal, currently in due diligence, could finalize in late 2024 or early 2026. If completed, the acquisition would bolster Coinbase's position in the stablecoin payment market, which now accounts for around 20% of its third-quarter revenue, largely driven by its partnership with Circle (USDC). The move aligns with Coinbase's strategy to expand its share in the fast-growing stablecoin economy, as global stablecoin transaction volume hit $50.7 trillion in the past year, according to Visa's on-chain analysis.
Coinbase in $2.5 Billion Acquisition Talks for BVBK, Aiming to Strengthen Stablecoin Payments
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