Coinbase Set for Major Move: Acquiring Stablecoin Infrastructure Startup BVNK

The recent surge in U.S. stablecoin regulation is fueling a wave of innovation within the cryptocurrency industry. Coinbase, the third-largest cryptocurrency exchange globally, is at the forefront of this trend, with its proposed acquisition of BVNK for an estimated $2 billion. This strategic move aims to diversify its revenue streams beyond trading fees and tap into the growing demand for stablecoin infrastructure services.