US EditionCoinbase Ends Acquisition Talks for U.K.-Based BVNK: Report
Coinbase halted a $2 billion deal with UK startup BVNK after advanced talks, missing a chance to expand stablecoin and cross-border payment services.
- On November 12, 2025, Coinbase ended talks to acquire UK-based stablecoin startup BVNK, a deal reportedly valued at $2 billion.
- • Acquiring BVNK would have strengthened Coinbase's foothold in cross-border payments and expanded its merchant services footprint, as reports valued the deal at $2 billion.
- People familiar said Coinbase had been leading the bidding as negotiations reached due diligence and an exclusivity period in October.
- It would have ranked among the largest stablecoin acquisitions and significantly expanded Coinbase's stablecoin infrastructure and cross-border payments capabilities.
- The proposed price stood out compared with Stripe's $1.1 billion acquisition of Bridge, as bidding involved major players including Mastercard, underscoring strong interest in BVNK.
28 Articles
28 Articles
Coinbase Ends $2 Billion Acquisition Talks With BVNK: Report
Crypto exchange Coinbase and U.K.-based stablecoin startup BVNK have mutually agreed to call off their $2 billion acquisition deal, according to a report from Fortune. A spokesperson for Coinbase told Fortune that the deal had progressed to an advanced stage, including due diligence and exclusivity in October. This story is an excerpt from the Unchained Daily newsletter. To get these updates in your email for free, subscribe here. The acquisit…
The planned acquisition of $2 billion of BVNK by Coinbase, a stablecoin infrastructure company, collapsed, putting an end to what might have been one of the biggest deals in crypto history. The decision, taken during the due diligence phase, was mutual, according to the statements of the two companies. The Coinbase article renounces to buy BVNK for $2 billion at the last minute appeared first on Cointribute.
Key news The negotiations broke after the Bank of England’s proposal to limit the holdings of stablecoins to £20,000. The transaction would have doubled in value to the purchase of Bridge by Stripe, marking a milestone in the industry. Despite the breakup, Coinbase reports a Q3 bulldozer and advances in a strategic alliance with Citi for institutional payments. A significant setback has suffered Coinbase’s expansion ambitions in the UK’s stablec…
Coinbase Pulls Plug on $2 Billion BVNK Deal in Strategic Move
Coinbase cancels $2B BVNK acquisition, ending one of the largest potential stablecoin deals to date. Both firms mutually agreed to withdraw, despite being in advanced exclusivity talks since October. BVNK may now attract new suitors, with reports suggesting Mastercard’s continued interest in the company. Coinbase Global has officially confirmed that it will be withdrawing from its proposed acquisition deal involving BVNK, a London-based stableco…
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