PANews reported on November 1st, citing Bloomberg, that US cryptocurrency exchange Coinbase Global Inc. is in late-stage acquisition talks with stablecoin infrastructure startup BVNK, with a proposed transaction valued at approximately $2 billion. Due diligence is still pending. Coinbase Ventures, Coinbase's venture capital arm, is one of BVNK's investors, and the deal is expected to close later this year or early next year. The terms of the transaction are subject to change, and the deal could ultimately fall through.
Bloomberg: Coinbase's acquisition of stablecoin startup BVNK is expected to be completed by the end of this year or early next year.
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