Coinbase CEO: Plans to make more acquisitions after acquisition of Deribit

PANews May 15th news, according to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong said on Bloomberg on Wednesday that the company continued to focus on mergers and acquisitions after reaching an agreement to acquire derivatives exchange Deribit earlier this month for $2.9 billion. He pointed out that the company has a strong balance sheet and as a listed company, it has liquidity funds available for mergers and acquisitions, but it will choose carefully and seek the right time to take action. Armstrong specifically mentioned that the company is particularly focused on the international market, and aims to companies that are in line with their philosophy and can drive the development and growth of Coinbase products. When asked whether Coinbase would consider acquiring the stablecoin issuer Circle (Coinbase has previously reached a revenue share agreement with Circle), he responded that "no relevant news can be announced today."