Coinbase CEO Brian Armstrong has expressed intentions to explore further merger and acquisition opportunities following the company's acquisition of the crypto derivatives platform Deribit for $2.9 billion. In an interview on Bloomberg Television, Armstrong highlighted that Coinbase has a strong balance sheet, concluding the first quarter with $9.9 billion in resources. He stated that while they are open to acquisitions, they will only pursue the right opportunities. The Deribit acquisition, which includes $700 million in cash and 11 million shares of Coinbase stock, marks the largest in the crypto sector and positions Coinbase to expand into the profitable crypto derivatives market. Armstrong is particularly focused on international opportunities that align with Coinbase's growth and product development strategies. Additionally, Coinbase is set to become the first crypto firm listed on the S&P 500 index, enhancing its visibility among investors as shares have surged significantly recently.

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