Coinbase In Late-Stage Talks To Acquire Stablecoin Startup BVNK In $2 Billion...
According to a report from Bloomberg, US-based cryptocurrency exchange Coinbase (COIN) is reportedly in advanced negotiations to acquire BVNK, a startup specializing in stablecoin infrastructure, in a deal valued at approximately $2 billion. This acquisition is pending due diligence and could see closure later this year or early next year. Coinbase Ventures Poised To Acquire BVNK […]
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Quick Facts: 1️⃣ Coinbase and Mastercard are vying to acquire BVNK, a UK-based firm that integrates stablecoins into payments, cross-broder transfers, and treasury operations. 2️⃣ According to Fortune, purchasing BVNK could cost Coinbase or Mastercard anywhere between $1.5B and $2.5B. 3️⃣ The takeover talks come on the heels of the GENIUS Act being passed in […]
Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly close to acquiring 2TM, the unicorn company that owns Mercado Bitcoin, the biggest crypto exchange in Latin America (Latam). The exchange has reportedly been in talks to acquire the company since last year, and the deal could be closed in April according to local media, seeing Coinbase expand its operations to Brazil.
Coinbase Targets Expansion With 2TM Acquisition
Coinbase, one of the first cryptocurrency exchanges traded on traditional stock markets, is aiming to expand its operations to Latam through....
According to a report by Fortune, Mastercard is reportedly in advanced discussions to acquire Zerohash, a startup specializing in crypto and stablecoin infrastructure, for an estimated $1.5 to $2 billion. Mastercard’s $2 Billion Bet On Zerohash Founded in 2017 and based in Chicago, Zerohash focuses on building stablecoin and blockchain infrastructure, facilitating payments and crypto […]
The stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased by 15.4% to $16.7 billion.
Stablecoin Economy Swells by 1.65% in 30 Days Nearing the $200 Billion Milestone
According to statistics on Monday, April 11, 2022, the stablecoin economy is worth $190.1 billion. During the last 24 hours, stablecoins have captured $68 billion in trade volume....
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% in 6 Months The blockchain company has reached a milestone this week as the firm’s dollar-pegged token USDT has surpassed a $50 billion market capitalization. Back in November 2020,....