Coinbase Drops BVNK Acquisition, Stablecoin Market Uncertain

Coinbases Potential Acquisition of BVNK Stablecoin Startup Falls Through: A Major Setback in the Crypto WorldCoinbase, a Nasdaq-listed crypto exchange, has ended its talks to acquire BVNK, a UK-based stablecoin startup, reportedly valued at up to $2.5 billion. The reasons for the deals collapse remain unclear, but it would have strengthened Coinbases position in cross-border payments and expanded its merchant services. BVNKs future is now uncertain, highlighting the volatile nature of mergers and acquisitions in the rapidly evolving cryptocurrency sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.