Cryptocurrencies

Coinbase’s Armstrong Looks to Make More Acquisitions After Deribit Purchase

Coinbase Global Inc. CEO Brian Armstrong says being added to the S&P 500 Index proves crypto is here to stay. The company replaces Discover Financial Services in the index next week. He also talks about the expanded use of crypto payments and the status of a stablecoin regulation bill that is moving through the Senate. He speaks to Bloomberg’s Sonali Basak.Source: Bloomberg

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By Sonali Basak and Olga Kharif

May 14, 2025 at 5:53 PM UTC

Coinbase Global Inc. Chief Executive Officer Brian Armstrong said the largest US crypto exchange continues to look at mergers and acquisitions, following its $2.9 billion agreement to buy the derivatives exchange Deribit earlier this month.

“We are always looking at M&A opportunities,” Armstrong said on Bloomberg Television Wednesday. “We have 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. We are looking at acquisition opportunities, doesn’t mean we swing at every pitch. We want it to be the right opportunity.”