Coinbase Global, the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments.
Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news outlet Bloomberg, according to a Friday report.
The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source.
The stablecoin push could bring an additional source of revenue for Coinbase, which mainly relies on cryptocurrency trading fees to generate a profit.
However, about $246 million, or 20% of Coinbase’s…
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Source cointelegraph.com
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