Coinbase and the startup in the field of stablecoins BVNK canceled the acquisition deal. This was announced by a representative of the cryptocurrency exchange in a commentary for the publication Fortune. The arrangement was supposed to buy BVNK for about $2 billion. The statement said the parties signed an exclusivity agreement in October that prohibited […] Сообщение Coinbase and BVNK Call Off $2 Billion Deal появились сначала на INCRYPTED.Coinbase and the startup in the field of stablecoins BVNK canceled the acquisition deal. This was announced by a representative of the cryptocurrency exchange in a commentary for the publication Fortune. The arrangement was supposed to buy BVNK for about $2 billion. The statement said the parties signed an exclusivity agreement in October that prohibited […] Сообщение Coinbase and BVNK Call Off $2 Billion Deal появились сначала на INCRYPTED.
Coinbase and BVNK Call Off $2 Billion Deal
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
- Coinbase and BVNK have backed out of a $2 billion deal to acquire the startup.
- The negotiations reached the due diligence stage and included an exclusive arrangement.
- The reasons for the cancelation are unknown, the parties said they mutually agreed.
Coinbase and the startup in the field of stablecoins BVNK canceled the acquisition deal. This was announced by a representative of the cryptocurrency exchange in a commentary for the publication Fortune.
The arrangement was supposed to buy BVNK for about $2 billion. The statement said the parties signed an exclusivity agreement in October that prohibited the startup from considering alternative offers. Negotiations advanced to the due diligence stage.
If the deal goes through, it would be one of the largest in the stablecoin sector, surpassing Stripe’s $1.1 billion purchase of Bridge in February, Fortune noted.
Coinbase noted that the company is “constantly looking for opportunities to expand its mission and product offerings.” At the same time, they emphasized that after discussions, the parties “mutually agreed not to continue the process.”
In BVNK refused to comment on the situation.
Recall, it was previously reported that Coinbase’s negotiations to acquire BVNK are at the final stage, and the deal could be closed by the end of 2025 or early 2026.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Let insiders trade – Blockworks
The post Let insiders trade – Blockworks appeared on BitcoinEthereumNews.com. This is a segment from The Breakdown newsletter. To read more editions, subscribe “The most valuable commodity I know of is information.” — Gordon Gekko, Wall Street Ten months ago, FBI agents raided Shayne Coplan’s Manhattan apartment, ostensibly in search of evidence that the prediction market he founded, Polymarket, had illegally allowed US residents to place bets on the US election. Two weeks ago, the CFTC gave Polymarket the green light to allow those very same US residents to place bets on whatever they like. This is quite the turn of events — and it’s not just about elections or politics. With its US government seal of approval in hand, Polymarket is reportedly raising capital at a valuation of $9 billion — a reflection of the growing belief that prediction markets will be used for much more than betting on elections once every four years. Instead, proponents say prediction markets can provide a real service to the world by providing it with better information about nearly everything. I think they might, too — but only if insiders are free to participate. Yesterday, for example, Polymarket announced new betting markets on company earnings reports, with a promise that it would improve the information that investors have to work with. Instead of waiting three months to find out how a company is faring, investors could simply watch the odds on Polymarket. If the probability of an earnings beat is rising, for example, investors would know at a glance that things are going well. But that will only happen if enough of the people betting actually know how things are going. Relying on the wisdom of crowds to magically discern how a business is doing won’t add much incremental knowledge to the world; everyone’s guesses are unlikely to average out to the truth. If…
Share
BitcoinEthereumNews2025/09/18 05:16
The Linux Foundation has been awarded $12.5 million to address low-quality security reports generated by AI.
PANews reported on March 18 that the Linux Foundation 's Alpha-Omega project and OpenSSF have launched a new initiative, receiving a total of $ 12.5 million in
Share
PANews2026/03/18 17:11
Finastra Strengthens AI Capabilities with New Center of Excellence and Leadership Appointment
Company Expands Hiring in Atlanta and India Artificial intelligence is creating new opportunities across the financial services industry, helping institutions improve
Share
Globalfintechseries2026/03/18 16:23
