Coinbase CEO: Plans More Acquisitions Following Deribit Acquisition

BlockBeats News, May 15th, according to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong said on Bloomberg TV on Wednesday that the company, after reaching an agreement earlier this month to acquire the derivatives exchange Deribit for $2.9 billion, is still keeping an eye on merger and acquisition opportunities. He noted that the company's balance sheet is strong, with ample liquidity as a publicly traded company available for acquisitions, but they will be cautious and wait for the right timing.

Armstrong specifically mentioned that the company is particularly focused on the international market, targeting enterprises with aligned visions that can drive Coinbase's product development and growth. When asked if Coinbase would consider acquiring the stablecoin issuer Circle (Coinbase had previously reached a revenue-sharing agreement with Circle), he responded by saying, "There is no related news to announce today."