logo

After Deribit, Coinbase Signals It’s Not Done Shopping

By: unlock-bc|2025/05/15 18:00:16
0
Share
copy
Coinbase is prepared to ramp up acquisitions following its $2.9 billion deal to acquire Deribit, CEO Brian Armstrong said in an interview with Bloomberg Television on Wednesday.Deribit, a platform for Bitcoin and Ethereum options trading, marks Coinbase’s largest acquisition to date. The move signals the exchange’s broader ambitions to expand into crypto derivatives markets.With a robust balance sheet, Coinbase is actively exploring M&A opportunities, though Armstrong emphasized the company is being selective. “Part of the benefit of being a public company is, you have a liquid currency to do that,” he said. “We are looking at acquisition opportunities, doesn’t mean we swing at every pitch. We want it to be the right opportunity.”Armstrong added that the company is primarily focused on acquiring international firms aligned with Coinbase’s vision and capable of accelerating product development and growth.When asked about the possibility of acquiring Circle—the issuer of the USDC stablecoin—Armstrong said there was “nothing to announce today,” but did not rule out the prospect.Back in April, Bloomberg reported that Circle turned down an acquisition offer from Ripple Labs worth up to $5 billion.The Deribit acquisition will be funded with $700 million in cash and 11 million Coinbase shares. Analysts believe the deal could significantly boost Coinbase’s presence in the growing crypto derivatives space.Meanwhile, Coinbase is set to make history as the first crypto company to join the S&P 500 index. The inclusion, which takes effect on May 19, marks a major milestone for both the exchange and the broader digital assets sector. S&P Global announced that Coinbase will replace Discover Financial Services in the index, following Discover’s acquisition by Capital One—a reshuffle that ushers crypto into a benchmark long dominated by traditional finance and tech giants.Coinbase shares have surged roughly 27% since the announcement, closing Wednesday up 2.5%, according to Yahoo Finance.For Coinbase and the industry at large, analysts at Bernstein view the S&P inclusion as a watershed moment, estimating it could trigger $16 billion in buying pressure from passive and active funds tracking the index.The post After Deribit, Coinbase Signals It’s Not Done Shopping appeared first on UNLOCK Blockchain.

You may also like

What Is OpenClaw? How AI Agents Could Change Crypto Exchange Trading

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

Ethereum 2029 Strawmap Guide: Ultra-Fast Consensus, Native Privacy, and the "Acceleration Variables" Brought by AI

Understanding Ethereum 2029 "Sketch": 7 Upgrades, 5 Major Goals, and a "Theseus's Ship" Style Reconstruction.

Altcoin ETF Surge: SOL and XRP Inflows Total $23 Million as Institutions Diversify

Key Takeaways Institutional interest in altcoin ETFs is expanding, with SOL and XRP showing significant inflows on March…

Vitalik Drops Ethereum Endgame Bombshell: ETH USD to $3,000?

Key Takeaways Vitalik Buterin introduces the “Sanctuary Tech” manifesto to address Ethereum’s non-financial limitations. A current lack of…

Exclusive: Yuliya Barabash Predicts the Most Regulated Could Be the Biggest Crypto Winners

Key Takeaways The aftermath of FTX and Celsius collapses has ushered a new regulatory era, reshaping the crypto…

iPhone Crypto Wallets Under Threat from State-Grade Malware

Key Takeaways: The Coruna exploit kit exploits 23 iOS vulnerabilities, threatening iPhone users’ crypto wallets. Initially state-level surveillance,…

Popular coins

Latest Crypto News

11:44

Report: The use of cryptocurrency to evade sanctions surged by 700% in 2025

According to CoinDesk, Chainalysis' latest report shows that in 2025, cryptocurrency-related illegal activities linked to sanctions surged, with sanctioned entities receiving at least $104 billion in cryptocurrency, a 700% increase from 2024, driving the total illegal on-chain transaction volume for...
11:44

Vitalik calls on the Ethereum community to shift their mindset, adhere to core principles, and rethink application design from scratch

Ethereum founder Vitalik stated, "I think it's a good thing for the Ethereum community to have a bolder and more open mindset, especially regarding the application layer and how we view our place in the world. We should not compromise on core attributes: censorship resistance, open source, privacy, ...
11:44

Data: The largest long position on Hyperliquid for BTC is only $729 away from the liquidation price, with a position value of $52 million

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest long position on Hyperliquid for BTC is only $729 away from the liquidation price.Currently, it holds 731.73 BTC in a 40x long position, with a position value of $52 million, an opening price of $71,441, and a liquidation price of $70,2...
11:44

The Yemeni Houthi armed group claims to "fully support" Iran and is ready to join the battle at any time

Yemen's Houthi leader Abdul-Malik al-Houthi stated on the evening of the 5th that the organization "fully supports" Iran and is prepared to take action if the situation develops.
11:44

Data: A certain whale sold 4,000 ETH on-chain 1 hour ago, worth 8.309 million USD

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that built a position of $14.54 million in ETH on February 26 is now reducing its holdings.This address sold 4,000 ETH (worth $8.309 million) on-chain one hour ago at an average price of $2,077.39. The whale's entry price was $2,075.45 a we...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com