Nasdaq-listed crypto exchange Coinbase has ended acquisition talks with U.K.-based stablecoin startup BVNK, halting what could have been one of the largest deals in the history of digital payments, according to Fortune.
People familiar with the matter told Fortune that Coinbase had been leading the bidding ahead of Mastercard before the talks were called off.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>
Trending: Credit Cards Are Getting CANCELLED — Here’s What You Can Do
Sign me up
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
For Coinbase, which already issues the USDC stablecoin in partnership
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!