Coinbase CEO says more deals possible after $2.9 billion Deribit acquisition

Brian Armstrong said Coinbase will keep looking at acquisitions, with international targets seen as a way to speed expansion after the Deribit purchase.

Summary

Coinbase is open to pursuing additional acquisitions after its $2.9 billion purchase of Deribit, with Chief Executive Officer Brian Armstrong signaling that overseas targets are a priority. The focus on international deals suggests the company is looking for faster ways to expand its global footprint and broaden its business beyond its existing markets.

Terms & Concepts
  • acquisitions: Corporate purchases of other companies.
  • international targets: Overseas companies considered for potential deals.
  • Deribit: A crypto trading platform acquired by Coinbase.