Coinbase CEO Continues Acquisition Spree!

Coinbase, led by @brian_armstrong, is making waves in the crypto world with its recent $2.9 billion acquisition of Deribit, a crypto derivatives platform. Armstrong highlighted on Bloomberg TV that Coinbase is always on the lookout for mergers and acquisitions, driven by a robust $9.9 billion balance sheet. The Deribit deal marks the largest in the crypto sector and propels Coinbase into the profitable crypto derivatives market. Armstrong emphasizes global growth and product development, eagerly eyeing international prospects while keeping a cautious approach to future opportunities.