Coinbase CEO: Plans to make more acquisitions after acquiring Deribit

Mars Finance News, on May 15, according to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong said on Bloomberg TV on Wednesday that after reaching an agreement to acquire the derivatives exchange Deribit for $2.9 billion earlier this month, the company continues to focus on mergers and acquisitions opportunities. He noted that the company has a strong balance sheet and, as a listed company, has liquid funds available for acquisitions, but will carefully choose and seek the right timing. Armstrong specifically mentioned that the company is particularly interested in international markets, targeting enterprises that align with their philosophy and can drive Coinbase's product development and growth. When asked whether Coinbase would consider acquiring the stablecoin issuer Circle (with which Coinbase has previously reached a revenue-sharing agreement), he responded that "there is no news to announce today".