After what began as a disappointing week, the Coinbase inventory (Ticker: COIN) appears to be again on a restoration path. COIN briefly climbed above the $360 degree on Friday, October 31st, rallying on the positive earnings report and new developments from this week.
In accordance with 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 biggest US-based cryptocurrency trade.
Alternate 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 yr’s finish or early subsequent yr, in keeping with one of many sources near the matter.
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In accordance with 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 remains to be liable to collapsing.
A Coinbase spokesperson advised Bloomberg in an announcement:
We don’t touch upon rumors or hypothesis. Pushed by our mission to develop 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 battle. 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 signify the most recent one in a rising checklist 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 america.
Coinbase Posts Robust Earnings In Q3 2025
Whereas Coinbase’s Q3 earnings name trended for an uncommon purpose, after CEO Brian Armstrong dropped a listing of crypto buzzwords related to the Mentions Market, the crypto firm delivered sturdy 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% bounce up to now 24 hours. Whereas the corporate’s inventory traded as excessive as $361 on Friday, it witnessed a correction earlier than closing the day across the $340 mark.
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Featured picture from Shutterstock, chart from TradingView
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