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Investing.com -- Coinbase Global Inc. (NASDAQ:COIN) is in advanced negotiations to purchase stablecoin infrastructure startup BVNK in a deal valued at approximately $2 billion, subject to due diligence completion.
The acquisition talks are in their final stages, according to a report from Bloomberg News, citing people familiar with the matter who requested anonymity because the transaction has not been publicly announced.
Coinbase Ventures, the venture capital division of the San Francisco-based cryptocurrency exchange, is already an investor in BVNK.
The company anticipates finalizing the deal either by the end of 2025 or in early 2026, one of the sources indicated. The terms of the agreement could still change, and there remains a possibility that the acquisition might not be completed.
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