Coinbase CEO wants more acquisitions after $2.9 billion deal

Coinbase CEO Brian Armstrong has stated that the crypto exchange continues to actively seek new acquisition opportunities. He said this in the wake of the purchase of derivatives platform Deribit for as much as $2.9 billion, one of the largest deals in the crypto industry to date. Armstrong is particularly looking at international parties that can accelerate Coinbase’s product growth and business expansion.

Coinbase is available on OKX and Bybit.

Focus on international acquisitions

Armstrong indicates that Coinbase has sufficient capital to close new deals. He points to the advantage of a listed company: access to financing options that private players do not readily have. This makes Coinbase well-positioned to compete in a market where consolidation is becoming increasingly common, reports Bloomberg.

Yet Armstrong does not want to chase every opportunity. He says that Coinbase proceeds selectively and only makes acquisitions that add real strategic value. The focus is on parties outside the United States, which fits with the company’s broader international ambitions.

Deribit as a springboard for further growth

The acquisition of Deribit is a major step for Coinbase towards the derivatives market, a segment traditionally dominated by exchanges such as Binance and OKX. With Deribit in its hands, Coinbase gains access to one of the largest platforms for crypto options in the world, laying a strong foundation for further expansion.

Armstrong’s ambitions fit within a broader trend in the crypto industry, where established players are quickly entering new markets through acquisitions. For example, Gate.com is quietly working on a traditional financial hub within crypto. Whether Coinbase will actually announce new deals in the near future is not yet known, but Armstrong’s intention is clear: sitting still is not on the agenda.