Coinbase falls after abandoning talks to buy stablecoin firm BVNK
ReutersNov 11, 2025 8:57 PM
Shares of Coinbase COIN.O fall 4.1% to $304.92
Crypto exchange calls off deal to buy stablecoin firm BVNK
Coinbase was reportedly in talks to buy the UK-based firm for $2 billion, Fortune had reported
"After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward," a Coinbase spokesperson said in an email
Stablecoins have benefited after the Trump administration enabled a legal framework for the dollar-pegged cryptocurrencies
COIN shares down 4% YTD, lagging a 16.2% rise in the benchmark S&P 500 .SPX index
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