Coinbase Stock Touches $350 After Positive Q3 | Crypto News
After what began as a disappointing week, the Coinbase stock (Ticker: COIN) appears to be back on a recovery path. COIN briefly touched the $350 degree on Friday, October thirty first, rallying on the optimistic earnings report and new developments from this week.
According to a new report, Coinbase has also entered into late-stage talks to buy stablecoin infrastructure BVNK in an estimated $2 billion deal. This transfer represents a play in a a lot bigger stablecoin industry push by the most important US-based cryptocurrency exchange.
Exchange Closes In On $2 Billion BVNK Deal
On Friday, Bloomberg reported that Coinbase is wanting to full a $2-billion acquisition of the London-based BVNK, pending due diligence. The San Francisco-based cryptocurrency company expects to close this deal before the 12 months’s end or early next 12 months, according to one of the sources close to the matter.
According to the report, the company’s enterprise capital arm, Coinbase Ventures, is an investor in BVNK. One of the cited sources also revealed that while the deal is already in late-stage talks, phrases might change, and the deal is still at risk of collapsing.
A Coinbase spokesperson told Bloomberg in a assertion:
We don’t remark on rumors or hypothesis. Driven by our mission to broaden financial freedom globally, we actively explore numerous alternatives—whether or not through building, buying, partnering, or investing – to advance our mission.
This latest Bloomberg report considerably provides credence to the Fortune report—from earlier this week—that disclosed that Coinbase holds exclusivity with BVNK for takeover talks after profitable the bidding battle. Mastercard was reportedly also engaged in talks with the stablecoin infrastructure before setting its sights on Zerohash, another crypto startup, for over $1.5 billion.
Hence, this BVNK buy by Coinbase, if accomplished, would signify the latest one in a growing listing of stablecoin-related offers in latest months. These developments come on the back of the introduction of the first crypto regulation (the GENIUS Stablecoin Act) in the United States.
Coinbase Posts Strong Earnings In Q3 2025
While Coinbase’s Q3 earnings call trended for an uncommon motive, after CEO Brian Armstrong dropped a listing of crypto buzzwords related to the Mentions Market, the crypto company delivered strong earnings in the last quarter.
The US-based crypto company reported about $1.9 billion in income and a backside line of roughly $432.6 million in 2025’s third quarter, representing a 55% year-over-year increase. Meanwhile, the firm’s Bitcoin holdings have also jumped by 2,772 BTC to 14,458.
As of this writing, the Coinbase stock (COIN) is valued at about $343.78, reflecting a 4.6% bounce in the past 24 hours.
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