Cryptocurrency exchange Coinbase plans to acquire a startup in the field of stablecoins BVNK for about $2 billion, Bloomberg reports, citing its sources.

According to the publication, negotiations are at the final stage. The deal may be closed by the end of 2025 or early 2026.

The BVNK team declined to respond to the publication’s request. Coinbase noted that it will not respond to speculation and rumors. However, the organization confirmed that they are considering different options as part of the expansion.

Information about the exchange’s interest in the startup appeared back in early October 2025. In addition, according to the Fortune publication, Mastercard was also involved in the negotiations.

BVNK is a British fintech firm that develops payment infrastructure in stablecoins for institutional clients. It closed a $50 million Series B round in December 2024, in which Coinbase Ventures also participated.

If the reported deal is confirmed, it would be another acquisition for Coinbase, which is working to expand its market reach. The exchange previously bought the Echo platform to offer a comprehensive solution for fundraising projects.