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Coinbase CEO Brian Armstrong says his firm is exploring more acquisition opportunities after acquiring crypto derivatives platform Deribit for $2.9 billion in May. “We are looking at acquisition opportunities; doesn’t mean we swing at every pitch,”  Armstrong said in a May 14 interview with Bloomberg Television. “We want it to be the right opportunity.” Armstrong went on to say that Coinbase is particularly interested in international opportunities, “companies that think similar,” and companies that can accelerate the exchange’s product development and growth.  Coinbase Sitting On Healthy Cash Reserves  Armstrong also said that Coinbase has a large balance sheet that can be put to use.  “Part of the benefit of being a public company is, you have a liquid currency to do that,” he said. That’s after the company revealed in its latest revenue report that its balance sheet strengthened, closing t...

In a move that will certainly cement the status of the cryptocurrency exchange, Coinbase is reportedly set to acquire options trading platform Deribit in a landmark $2.9 billion deal, according to the Wall Street Journal. Indeed, the purchase comes amid a regulatory shift that has taken place in the US since the start of the year. With the agreement, Coinbase will now acquire what is the largest Bitcoin and Ethereum options trading platform in the world. Not only will it ensure the exchange’s position atop the growing industry, but it will also see the status of the US as a digital asset powerhouse enhanced. JUST IN: Coinbase to acquire crypto options trading platform Deribit for $2.9 billion. — Watcher.Guru (@WatcherGuru) May 8, 2025 Also Read: Coinbase Expands Partnership with PayPal to “Advance Stablecoin Payments” Coinbase to Acquire World’s Largest Crypto Options Trading Platform Since the start of 2025, the United States has embraced a major shift in its cryptocurrency...