After a disappointing week, Coinbase inventory (ticker: COIN) seems to be again on monitor. COIN briefly reached the $350 stage on Friday, October thirty first, rising following sturdy earnings stories and new developments this week.
Coinbase has additionally entered late-stage negotiations to amass stablecoin infrastructure BVNK in a deal estimated at $2 billion, based on a brand new report. The transfer represents a a lot bigger dedication to the stablecoin trade by the most important US-based cryptocurrency trade.
Exchanges shut in on $2 billion BVNK deal
Friday, Bloomberg reported Coinbase is reportedly near finishing its $2 billion acquisition of London-based BVNK, pending due diligence. The San Francisco-based cryptocurrency agency plans to finish the deal by the top of the 12 months or early subsequent 12 months, one of many individuals mentioned.
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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 officers additionally revealed that though the deal is already within the last levels of negotiations, the phrases are topic to alter and the deal remains to be prone to collapsing.
A Coinbase spokesperson informed Bloomberg in an announcement:
We don’t touch upon rumors or hypothesis. Pushed by our mission to broaden financial freedom globally, we actively discover a wide range of alternatives by way of constructing, buying, partnering and investing to additional that mission.
This newest Bloomberg report provides some credence to a Fortune report earlier this week that exposed that Coinbase retains unique rights to takeover talks with BVNK after profitable a bidding battle. Mastercard was additionally reportedly in talks with stablecoin infrastructure earlier than setting its sights on one other crypto startup, Zerohash, for greater than $1.5 billion.
This buy of BVNK by Coinbase, if accomplished, would subsequently be the newest in a rising listing of stablecoin-related transactions in current months. These developments come in opposition to the backdrop of the introduction of the primary US cryptocurrency regulation (GENIUS Stablecoin Act).
Coinbase posts sturdy earnings in Q3 2025
Coinbase’s third-quarter earnings report took a flip for the more serious after CEO Brian Armstrong eliminated a listing of crypto buzzwords associated to the point out market, however the crypto firm posted sturdy earnings final quarter.
The US-based cryptocurrency firm reported income of roughly $1.9 billion and backside line revenue of roughly $432.6 million for the third quarter of 2025, a rise of 55% 12 months over 12 months. In the meantime, the corporate’s Bitcoin holdings additionally elevated by 2,772 BTC to 14,458 BTC.
As of this writing, Coinbase inventory (COIN) is valued at roughly $343.78, reflecting a rise of 4.6% over the previous 24 hours.
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Featured photographs from Shutterstock, charts from TradingView
