After what began as a disappointing week, the Coinbase inventory (Ticker: COIN) appears to be again on a restoration path. COIN briefly touched the $350 degree on Friday, October 31st, rallying on the positive earnings report and new developments from this week.
Based on a brand new report, Coinbase has additionally entered into late-stage talks to buy stablecoin infrastructure BVNK in an estimated $2 billion deal. This transfer represents a play in a a lot bigger stablecoin business push by the most important US-based cryptocurrency alternate.
Change Closes In On $2 Billion BVNK Deal
On Friday, Bloomberg reported that Coinbase is trying to full a $2-billion acquisition of the London-based BVNK, pending due diligence. The San Francisco-based cryptocurrency firm expects to shut this deal earlier than the 12 months’s finish or early subsequent 12 months, in line with one of many sources near the matter.
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Based on the report, the corporate’s enterprise capital arm, Coinbase Ventures, is an investor in BVNK. One of many cited sources additionally revealed that whereas the deal is already in late-stage talks, phrases might change, and the deal continues to be vulnerable to collapsing.
A Coinbase spokesperson informed Bloomberg in a press release:
We don’t touch upon rumors or hypothesis. Pushed by our mission to broaden financial freedom globally, we actively discover numerous alternatives—whether or not by constructing, buying, partnering, or investing – to advance our mission.
This newest Bloomberg report considerably provides credence to the Fortune report—from earlier this week—that disclosed that Coinbase holds exclusivity with BVNK for takeover talks after successful the bidding conflict. Mastercard was reportedly additionally engaged in talks with the stablecoin infrastructure earlier than setting its sights on Zerohash, one other crypto startup, for over $1.5 billion.
Therefore, this BVNK buy by Coinbase, if accomplished, would characterize the newest one in a rising record of stablecoin-related offers in latest months. These developments come on the again of the introduction of the first crypto regulation (the GENIUS Stablecoin Act) in the US.
Coinbase Posts Sturdy Earnings In Q3 2025
Whereas Coinbase’s Q3 earnings name trended for an uncommon motive, after CEO Brian Armstrong dropped an inventory of crypto buzzwords related to the Mentions Market, the crypto firm delivered robust earnings within the final quarter.
The US-based crypto firm reported about $1.9 billion in income and a backside line of roughly $432.6 million in 2025’s third quarter, representing a 55% year-over-year improve. In the meantime, the firm’s Bitcoin holdings have additionally jumped by 2,772 BTC to 14,458.
As of this writing, the Coinbase inventory (COIN) is valued at about $343.78, reflecting a 4.6% leap prior to now 24 hours.
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Featured picture from Shutterstock, chart from TradingView
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