Coinbase CEO: Continuing to focus on merger and acquisition opportunities after acquiring Deribit

ChainCatcher news, according to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong stated on Bloomberg Television on Wednesday that the company is still looking for merger and acquisition opportunities after reaching an agreement to acquire the derivatives exchange Deribit for $2.9 billion earlier this month.

He pointed out that the company has a strong balance sheet and, as a publicly traded company, has liquidity available for acquisitions, but will choose carefully and seek the right timing to act. Armstrong specifically mentioned that the company is particularly focused on international markets, targeting businesses that align with its vision and can drive the development and growth of Coinbase products. When asked if Coinbase would consider acquiring the stablecoin issuer Circle (Coinbase had previously reached a revenue-sharing agreement with Circle), he responded, "There is no news to announce today."