TechFlow, May 15 — According to Bloomberg, Coinbase Global Inc. CEO Brian Armstrong said on Bloomberg Television Wednesday that the company continues to explore merger and acquisition opportunities following its earlier agreement this month to acquire derivatives exchange Deribit for $2.9 billion.
He noted that the company has a strong balance sheet and, as a public company, possesses liquid funds available for acquisitions, though it will proceed cautiously and wait for the right opportunities. Armstrong specifically highlighted international markets, targeting companies whose vision aligns with Coinbase and that can advance Coinbase's product development and growth. When asked whether Coinbase would consider acquiring stablecoin issuer Circle (with which Coinbase previously entered a revenue-sharing agreement), he responded, "We have nothing to announce today."
