The exchange’s latest move signals a deeper push into blockchain-based payments as stablecoins emerge as a major profit driver.
Coinbase Expands Stablecoin Ambitions with $2B BVNK Deal
Coinbase Global Inc., one of the world’s largest cryptocurrency exchanges, is reportedly in late-stage talks to acquire BVNK, a London-based stablecoin infrastructure startup, in a deal valued at $2 billion. The acquisition, if finalized, would mark a major step in Coinbase’s strategy to strengthen its foothold in the rapidly expanding stablecoin payments sector.
According to reports, the transaction could close by early 2026, pending due diligence. Coinbase’s move follows the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a landmark U.S. law that set clear rules for stablecoin collateralization and AML compliance.
“The GENIUS Act has legitimized stablecoins as a credible financial instrument, paving the way for institutional adoption,” said Andrei Grachev, managing partner at DWF Labs. He noted that the bill marked the “first step toward a unified, programmable financial system.”
Stablecoins: Coinbase’s New Revenue Engine
Stablecoins have become an increasingly important income stream for Coinbase. In Q3 2025, the company earned $246 million from stablecoin-related activities — roughly 20% of its total revenue — highlighting the growing profitability of blockchain-based payments.
“Coinbase is diversifying beyond trading fees,” explained crypto markets analyst Laura Kim. “Their focus on payment infrastructure shows a shift toward sustainable, utility-driven revenue sources.”
Founded in 2021, BVNK provides enterprise-grade stablecoin payment solutions to global merchants. The startup has raised over $90 million from investors including Visa, Citi Ventures, and Haun Ventures. Coinbase’s venture arm is already a backer, making the acquisition a natural progression of its ecosystem expansion.
Industry experts believe BVNK’s technology could help Coinbase streamline cross-border transactions, allowing businesses to settle payments instantly using stablecoins rather than traditional banking rails.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.