Payments firm Curve is reportedly holding talks for the acquision of crypto lender BlockFi’s over 87,000 credit card clients – whose credit cards have faced suspension since Nov. 11. 

Specifically, A Curve representative reportedly revealed that “outreach and negotiations” commenced on Nov. 12 and are still in the process with Banking as a Service (BaaS) company Deserve, which services the BlockFi card program.

“Terms are being negotiated actively between Curve and Deserve, but a sale or partnership, if agreed to, is pending the conclusion of due diligence. The primary point of contact for the pending negotiation is Deserve/ Evolve, not BlockFi, but that is an understanding that needs to be confirmed,” they also claimed, noting also that Curve is not interested in BlockFi’s assets.

If the acquisition go through, the fintech is planning to carry on BlockFi’s credit card program, noting that clients will still have the freedom to earn crypto rewards.

They additionally remarked that an extra perk of a successful acquisition is that clients from BlockFi’s credit card program “will not be ported to yet another centrally-held exchange.”

Insights from reports throughout the weekend reportedly indicated that Binance US and Coinbase were also eyeing BlockFi’s credit card customers.

Nevertheless, a representative from Coinbase offered further clarification that “We’re not engaged in any conversations or efforts related to BlockFi’s card program,” while Binance US has not issued any official response to requests for comment by the time of publication.

The bid for BlockFi’s credit card customers surfaces days following BlockFi’s official announcement of its suspension for withdrawals on Nov. 11, with reasons related to the current saga with crypto exchange FTX.