Coinbase Eyes More Acquisitions Following Deribit’s Purchase
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Coinbase CEO Brian Armstrong indicated that the company will continue exploring mergers and acquisitions following its recent $2.9 billion acquisition of the crypto derivatives exchange Deribit.
In an interview with Bloomberg Television, Armstrong emphasized Coinbase’s strategy for growth through strategic acquisitions, highlighting its strong financial position.
“We are always looking at M&A opportunities,” Armstrong stated. “We have a large balance sheet that can be leveraged. Being a public company provides a liquid currency for such endeavors.”
Armstrong also noted that while Coinbase is actively considering acquisitions, the company remains selective about which opportunities to pursue.
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