Overview
- The company has exclusive negotiating rights following a competitive process, with due diligence underway and a potential closing by late 2025 or early 2026, according to reports.
- Sources place the prospective price in a $1.5–$2.5 billion range, and they caution the terms could change and the deal may still fall through.
- BVNK, founded in 2021 in London, provides fiat–stablecoin payment rails and compliance tooling for merchants and institutions, with backing from Citi Ventures, Visa and Haun Ventures.
- Coinbase Ventures is already an investor in BVNK, and an acquisition would push Coinbase further into payments and settlement infrastructure beyond trading.
- USDC-related activity and interest income contributed about 20% of Coinbase’s Q3 revenue, a driver for pursuing stablecoin rails as card networks and banks expand similar capabilities.