.png)
2 hours ago
2
The negotiations, which began earlier this year and progressed to an exclusivity agreement in October, were expected to value BVNK between $1.5 billion and $2.5 billion.
Nov 12, 2025, 5:55 a.m.
Nasdaq-listed crypto exchange Coinbase has ended acquisition talks with U.K.-based stablecoin startup BVNK, halting what could have been one of the largest deals in the history of digital payments, according to Fortune.
People familiar with the matter told Fortune that Coinbase had been leading the bidding ahead of Mastercard before the talks were called off.
For Coinbase, which already issues the USDC stablecoin in partnership with Circle, acquiring BVNK would have strengthened its foothold in cross-border payments and expanded its merchant services footprint.
A Coinbase spokesperson confirmed to Fortune that the deal is no longer moving forward but did not elaborate on the reasons behind the decision.
Prior reporting puts the offers for BVNK at $1.5-$2.5 billion, making it one of the larger M&A deals in the stablecoin space.
More For You
Inside Zcash: Encrypted Money at Planetary Scale
A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
What to know:
In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:
- Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
More For You
Dogecoin Near Make-or-Break Zone as Fresh Bitcoin Slide Pulls Down Majors by 5%
What to know:
- Dogecoin fell 5.5% to $0.1730, breaking below critical support levels amid heavy selling.
- The memecoin's price action indicates a bearish trend with uncertainty around the $0.1730 level.
- Traders are watching if the $0.17 support can hold, with potential exposure to the $0.1650–$0.1600 zone.
