Coinbase to Acquire BVNK for $2B to Enhance Stablecoin Infrastructure
Coinbase is in late-stage talks for a $2 billion BVNK acquisition to enhance its stablecoin payment infrastructure. The Coinbase BVNK acquisition comes as stablecoins generated $246 million in Q3 2025, or 20% of Coinbase’s revenue. London-based BVNK, founded in 2021, offers enterprise-grade stablecoin payment solutions and has raised $90 million from Citi Ventures, Visa and Haun Ventures. Coinbase Ventures also holds a stake in BVNK.
The deal, expected to close by early 2026, follows U.S. GENIUS Act passage. The Act provides clear rules for stablecoin collateralization and AML compliance, sparking renewed institutional demand. Industry experts say the Coinbase BVNK acquisition will help diversify revenue beyond trading fees and position Coinbase ahead of rivals like Binance and Kraken.
By integrating BVNK’s technology, Coinbase aims to capture recurring transaction fees and reserve interest. Market projections see stablecoin capitalization exceeding $3 trillion by 2030. Traders should watch for long-term margin gains but limited immediate impact on token prices.
Neutral
While the Coinbase BVNK acquisition underscores Coinbase’s strategic pivot to bolster stablecoin payment infrastructure and diversify revenue, its direct effect on specific cryptocurrency prices is likely limited. In the short term, the market may price in improved institutional adoption prospects but lack immediate trading catalysts. Over the long term, enhanced stablecoin integration could strengthen Coinbase’s fee-generating capabilities and support stablecoin market growth, offering a gradual upside for related assets without triggering sharp price movements.