Coinbase Pulls Plug On $2 Billion Agreement With BVNK
A Coinbase spokesperson confirmed to Fortune that the cryptocurrency exchange has officially terminated its acquisition discussions with UK-based stablecoin startup BVNK. Coinbase had initially secured exclusive negotiation rights with BVNK after navigating a competitive bidding process. Coinbase Abandons BVNK Acquisition A Coinbase representative stated, “We’re continuously seeking opportunities to expand on our mission and product […]
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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 […]
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 […]
After what started as a disappointing week, the Coinbase stock (Ticker: COIN) seems to be back on a recovery path. COIN briefly touched the $350 level on Friday, October 31st, rallying on the positive earnings report and new developments from this week. According to a new report, Coinbase has also entered into late-stage talks to purchase stablecoin infrastructure BVNK in an estimated $2 billion deal. This move represents a play in a much larger stablecoin industry push by the largest US-based cryptocurrency exchange. Exchange Closes In On $2 Billion BVNK Deal On Friday, Bloomberg reported....
The mega-wallet provider Coinbase and global payments leader PayPal have formed the start of a new agreement that will allow PayPal customers to do more than ever before with Bitcoin. PayPal is actively investing in Bitcoin’s future. As Bitcoin prices fluctuate wildly before the halving event next month, now taking a downturn even more impressive than its previous bull-run, the Bitcoin community continues to add infrastructure and forge major new deals that make for a stronger future. Bitcoin price and charts may change every day, but it is a good time to look beneath the numbers for true....
Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion Under Custody Coinbase’s Head of Institutional Coverage, Brett Tejpaul, talked about institutional demand for bitcoin in an interview with Heidrick & Struggles International, published on Friday. Tejpaul has 25 years of experience in sales and....