“We’re continuously seeking opportunities to expand on our mission and product offerings,” said the Coinbase spokesperson in a statement. “After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward.”
A spokesperson for BVNK declined to comment.
Despite Coinbase scuttling its plans to acquire BVNK, stablecoin M&A has been a hot trend in crypto and fintech over the past year.
Update, Nov. 11: Headline and top of article tweaked to better reflect statement from Coinbase.
