According to Bloomberg, Brian Armstrong, CEO of Coinbase Global Inc., stated on Bloomberg TV on Wednesday that the company is still monitoring merger opportunities after reaching an agreement earlier this month to acquire derivatives exchange Deribit for $2.9 billion. He pointed out that the company has a strong balance sheet and as a listed company, it has working capital available for mergers and acquisitions. However, it will choose carefully and seek the right timing to act. Armstrong specifically mentioned that the company pays special attention to the international market, targeting companies whose ideas align and can drive the development and growth of Coinbase products. When asked if Coinbase would consider acquiring stablecoin issuer Circle (with whom Coinbase had previously reached a revenue sharing agreement), he responded that "there is no news to announce today".
