From Yahoo Finance: 2025-05-14 13:53:00

Coinbase CEO Brian Armstrong announced the company’s interest in mergers and acquisitions after the $2.9 billion deal to buy Deribit. Armstrong mentioned Coinbase’s large balance sheet and potential international opportunities. Ripple’s bid to buy Circle was rejected as too low. Coinbase’s shares surged 24% ahead of joining the S&P 500 next week.

Read more: Coinbase’s Armstrong Looks to Make More Acquisitions After Deribit Purchase