Coin Base CEO Brian Armstrong says his firm will continue to search for integration and acquisition opportunities after the Crypto derivative platform is acquired.
“We are always watching M&A opportunities,” said Armstrong on May 14 on Bloomberg Television.
He added that the firm has a major balance sheet that can be used.
The firm has revealed in its latest income report that its balance sheet has been strengthened, which ended the first quarter with $ 9.9 billion in US dollar resources.
“Part of the benefits of being a public company is that you have a liquid currency,” he said.
On May 8, the firm announced that it agrees to acquire the crypto options trading platform darbits in a $ 9 2.9 billion transaction, which contains 700 million cash and 11 million shares of Coinbase stock.
This acquisition, which is the largest in the crypto industry so far, will continue to expand the coin base profitable crypto derivative markets and increase the global platform growth.
Armstrong told Outlet that he was looking at international opportunities, “companies that think of the same” and could accelerate the growth and growth of coin base products.
Related: The derivative market shows the derivative market from the Coin Base Darbut
However, the Crypto Executive said that when asked about the possible acquisition of the Coal Queen and the Coin Base Partner, the circle, they have nothing to declare, which has filed to go publicly.
According to Bloomberg, at the end of April, the US firm Ripal made a bid of $ 5 billion in an attempt to obtain a stabbaker, but the offer was rejected.
Coin Base Stocks
The coin base will become the first crypto firm to join the S & P 500 Index on May 19.
The S&P 500 is a stock market index that detects 500 of the largest public trade companies in the United States, and possibly opens its stock on a broader investor -based basis and displaying inactive funds that track benchmarks.
According to Google Finance, shares of the coin base rose 2.5 percent after the day to $ 263, according to Google Finance. The company Stock (Coin) has more than 30 % since the beginning of May, and two major announcements, and more than about 50 % of the last month.
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