Coinbase has ended acquisition talks with BVNK.

Coinbase has decided to terminate the acquisition talks it planned to hold with the UK-based stablecoin initiative BVNK. This deal was considered a significant step in the field of digital payments.

The information regarding the cessation of talks was confirmed by a Coinbase representative. However, no explanation was provided for the reason the discussions were halted.

The acquisition of BVNK could have strengthened Coinbase's position in cross-border payments and commercial services. In this context, it is important for investors to monitor developments.