Crypto custody specialist Fireblocks denies it's in talks to be acquired by Visa

Crypto custody specialist Fireblocks denies it's in talks to be acquired by Visa

Summary

Fireblocks denied reports that it is in late-stage acquisition talks with Visa for $2.5 billion, calling the claims untrue. Earlier rumors also named Coinbase as a potential buyer. A deal at that price would be well below Fireblocks’ 2022 valuation of $8 billion, following a $550 million funding round. Visa and Coinbase had not commented.