Coinbase CEO Brian Armstrong stated that after acquiring the derivatives exchange Deribit for $2.90 billion this month, the company is still actively seeking merger and acquisition opportunities. In an interview with Bloomberg Television, Armstrong mentioned that as a publicly listed company, Coinbase has ample funds and liquidity to leverage these resources for strategic acquisitions, but the company will carefully select suitable opportunities rather than making blind moves.

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&amp;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.”

Coinbase CEO Armstrong stated that after acquiring Deribit, the company will continue to seek merger and acquisition opportunities.