Coinbase CEO Brian Armstrong has signaled that the crypto exchange is actively exploring further mergers and acquisitions following its high-profile purchase of Deribit , a major crypto derivatives trading platform. Speaking on Bloomberg Television on May 14, Armstrong said the company is in a strong financial position to pursue strategic deals that align with its long-term vision. “We are always looking at M&A opportunities,” Armstrong said , noting that Coinbase’s strengthened balance sheet allows it to act when the right opportunity arises. “Part of the benefit of being a public company is you have a liquid currency to do that. We want it to be the right opportunity — doesn’t mean we swing at every pitch.” Coinbase reported $9.9 billion in U.S. dollar resources at the end of Q1 2025, giving it considerable financial flexibility. Armstrong emphasized a focus on acquisitions that support international expansion and product development, especially companies that share Coinbase’s vision for scaling global crypto infrastructure. Coinbase Bets Big on Derivatives With Deribit On May 8, Coinbase confirmed a $2.9 billion acquisition of Deribit, marking one of the largest deals in crypto industry history. The transaction includes $700 million in cash and 11 million Coinbase shares. The acquisition is seen as a strategic play to bolster Coinbase’s presence in the crypto derivatives market — a rapidly growing segment that includes options and futures contracts. Deribit is widely recognized as a market leader in Bitcoin and Ethereum options trading, and its integration is expected to help Coinbase diversify revenue streams and appeal to more institutional traders. Armstrong said the acquisition would accelerate the company’s international growth strategy and product offerings. While speculation continues around a potential acquisition of stablecoin issuer Circle — a key Coinbase partner — Armstrong declined to comment, saying there was “nothing to announce.” This comes shortly after reports that Ripple made a failed $5 billion bid to buy Circle. Coinbase to Join S&P 500 as Stock Rallies In another major milestone, Coinbase is set to become the first crypto-native company to join the S&P 500 index on May 19. The inclusion marks a significant achievement and is expected to increase demand for the company’s stock from passive index funds and traditional investors. Coinbase shares rose 2.5% in after-hours trading on May 14, closing at $263. The stock (COIN) has surged over 30% since the start of May and nearly 50% over the past month, driven by the Deribit acquisition and the upcoming S&P 500 listing. The post Coinbase Eyes More Acquisitions After $2.9 Billion Deribit Deal appeared first on TheCoinrise.com .
