TechFlow news, November 1 — According to Bloomberg, U.S. cryptocurrency exchange Coinbase Global Inc. is in late-stage talks to acquire BVNK, a startup focused on stablecoin infrastructure, for approximately $2 billion, with due diligence currently underway.
Insiders revealed that Coinbase’s venture capital arm, Coinbase Ventures, had previously invested in BVNK. The deal is expected to close later this year or early next year.
The sources, who spoke on condition of anonymity due to the non-public nature of the transaction, said that terms could still change and that the deal might ultimately fall through.
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