Coinbase Is Open to More Deals After $2.9B Deribit Buyout, Says CEO Brian Armstrong

Following its $2.9 billion acquisition of Deribit, Coinbase is continuing to evaluate new takeover opportunities, according to CEO Brian Armstrong. The company is particularly focused on international targets that could help speed up product development and support business expansion.

Armstrong said Coinbase is well-positioned to pursue strategic deals thanks to its strong capital base and status as a publicly traded company. However, he emphasized that the company will remain disciplined in its approach and will only pursue acquisitions that align with its growth objectives.

Source: Bloomberg