Coinbase has dropped its planned $2 billion acquisition of the London-based stablecoin startup BVNK. Both parties mutually agreed not to proceed with the deal, bringing an end to the proposed transaction.

The planned acquisition was anticipated to strengthen Coinbase’s position in the stablecoin market, but the decision to abandon the deal indicates a shift in strategy for the popular cryptocurrency exchange.

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https://cryptonews.com/news/coinbase-abandons-plan-to-acquire-uk-fintech-bvnk-in-2b-deal/