Coinbase has ended its acquisition talks with BVNK, which processes over $20 billion annually for global payment services. Both parties mutually agreed to walk away, allowing other companies like Mastercard to pursue BVNK. The reasons for the decision were not disclosed.

Coinbase is negotiating to buy BVNK, a startup focused on stablecoin infrastructure, for around $2 billion. The deal is nearing completion but still depends on due diligence and could change or fall through. Coinbase Ventures has already invested in BVNK.

CoinDCX's CEO Sumit Gupta has dismissed rumors of a potential acquisition by Coinbase, emphasizing the company's commitment to India's crypto market. A report suggested that Coinbase might acquire CoinDCX for under $1 billion, reflecting a significant decrease from its 2021 valuation of $2.2 billion. CoinDCX recently dealt with a security breach but confirmed that assets remained safe.

Coinbase has announced its acquisition of Deribit, the largest trading platform for bitcoin and ether options, in a deal valued at approximately $2.9 billion. This strategic move enhances Coinbase's position in the cryptocurrency market as it seeks to expand its offerings and capabilities.