Coinbase Thinks It Can Just Buy a Stablecoin Startup-Really? 🤔

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So, apparently Coinbase (the cool kid on the crypto block) is whispering sweet nothings to BVNK, a startup that’s basically a stablecoin whisperer. And they’re doing this dance for a cool $2 billion-because what’s a billion or two among friends? 💸

Coinbase Ventures Trying to Play It Cool

Turns out, Coinbase’s venture squad is already cozy with BVNK, like that friend who borrows your sweater and never gives it back. They’re poking around to see if an “aren’t we just friends?” situation can turn into “we’re totally an item.”

One source (probably someone high up with a big coffee) said Coinbase’s mission is to spread financial freedom – or, you know, buy everything in sight. Whether that’s building brands, buying startups, or just investing in shiny things, they’re doing it.

If they lock this deal down, it’ll be another shiny trophy in the stablecoin crown, especially after all the big talk about new regulations like the GENIUS Act-because nothing says party like regulation, am I right? 🎉

Big-name players like Visa and Mastercard are now pretending to care about blockchain, just to keep up with the cool kids. Gotta stay relevant, folks.

Fortune threw in its two cents, saying Coinbase has dibs on BVNK after a bidding war that was basically a high-stakes game of “Who Wants to Be a Billionaire?”

The Bigger Picture (Because, Of Course)

Coinbase isn’t just content with trading coins-they want to live that “diversify your portfolio” dream. Nearly a fifth of its revenue last quarter came from stablecoins-like that one friend who always brings snacks to the party.

They’re also cozying up with Circle’s USDC, sharing revenue like a good roommate, and teaming up with Shopify for the ‘stablecoin shopping spree’-because what’s better than making money and shopping?

BVNK-The Overachiever

Founded in 2021 (so basically still a baby), BVNK managed to score a $90 million funding round from Citi, Visa, and some other big names. No big deal.

Its platform lets merchants accept stablecoins (because who doesn’t want to pay in digital dough?)-in sync with Coinbase’s master plan to turn stablecoins into the new normal-and they’re even helping businesses do invoicing. Fancy!

Earlier this year, Coinbase bought Deribit, snagging over 75% of the options market outside the U.S. (bu-bu-bu, sounds like a big deal). That’s like winning the international game of Monopoly, but with crypto.

And here’s a cherry on top: Coinbase crushed earnings with $1.05 billion in Q3, nearly doubling last year’s $572.5 million. That’s one way to flex. 💪

Meanwhile, COIN’s stock closed at a modest $343-after a wild rollercoaster week that made crypto look more unstable than a toddler on espresso. ☕️

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2025-11-01 13:14