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 agreed to acquire crypto options trading platform Deribit in a transaction worth