A report has claimed Coinbase has called off its $2 billion acquisition of stablecoin startup BVNK. The development was later confirmed by a spokesperson for the exchange.
Coinbase and Mastercard had been in advanced negotiations to acquire the UK-based fintech firm.
Coinbase-BVNK Deal Off
Coinbase and BVNK have called off what could have been one of the largest deals for a stablecoin startup. A Coinbase spokesperson confirmed the developments, although it isn’t clear why the companies have scuppered a deal that had reached the due diligence process. Coinbase and BVNK entered into exclusivity in October, which meant the stablecoin startup could not entertain offers from other bidders. A Coinbase spokesperson stated,
“We’re continuously seeking opportunities to expand on our mission and product offerings. After discussing a potential acquisition of BVNK, both parties mutually agreed not to move forward.”
A Strong Presence
The deal between Coinbase and BV
We współpracy z: https://cryptodaily.co.uk/2025/11/coinbase-calls-off-bvnk-acquisition
