Date: 2025-05-15
Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit.“We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14.He added that the firm has a large balance sheet that can be put to use.The firm revealed in its latest revenue report that its balance sheet has strengthened, ending the first quarter with $9.9 billion in US dollar resources.“Part of the benefit of being a public company is, you have a liquid currency to do that,” he said, adding: “We are looking at acquisition opportunities; doesn’t mean we swing at every pitch. We want it to be the right opportunity.”On May 8, the firm announced that it ag...
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