Markets 🤑
What to know: 🧐
- Ah, the fickle dance of corporate courtship! Coinbase, the crypto darling, has abruptly ended its wooing of the U.K.-based stablecoin startup BVNK. A match made in blockchain heaven, or so it seemed. 💸✨
- A Coinbase spokesperson confirmed the breakup, but like a true enigma, they remained tight-lipped on the reasons. Silence, as they say, is golden-or perhaps just awkward. 🤐
- Had the deal gone through, Coinbase would have strutted into the cross-border payments arena with the grace of a cat burglar. Merchant services? They’d have been the toast of the town. 🌍🛍️
In a twist worthy of a Bulgakov novel, Nasdaq-listed crypto exchange Coinbase has called off its grand romance with BVNK, leaving the stablecoin startup at the altar. Fortune reports that this could have been the Gatsby-esque deal of the digital payments world-a glittering affair now reduced to ashes. 🌪️💔
Insiders whispered to Fortune that Coinbase was the belle of the ball, outbidding even Mastercard before the music stopped. But alas, the dance is over, and the lights have dimmed. 💃🕺
For Coinbase, already the proud parent of the USDC stablecoin (courtesy of Circle), acquiring BVNK would have been like adding a crown jewel to its already impressive tiara. Cross-border payments? Merchant services? They’d have reigned supreme. 👑🌟
A Coinbase spokesperson, with the brevity of a telegram from the 1920s, confirmed the deal’s demise but left the reasons shrouded in mystery. Was it cold feet? A sudden realization of incompatibility? Or perhaps the stars simply weren’t aligned. 🌌❓
Reports pegged the potential price tag for BVNK at a staggering $1.5-$2.5 billion, making it a whale of a deal in the stablecoin sea. But whales, like deals, can be elusive creatures. 🐋💰
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2025-11-12 09:08