🚨 CMC News: Coinbase Eyes Acquisition Spree Following $2.9B Deribit Deal Coinbase will continue seeking merger and acquisition opportunities after its record $2.9 billion Deribit purchase, CEO Brian Armstrong confirmed. "We are always looking at M&A opportunities," Armstrong told Bloomberg Television, highlighting the company's robust $9.9 billion balance sheet. The Deribit acquisition—crypto's largest to date—consists of $700 million in cash and 11 million Coinbase shares, positioning the exchange to expand into the lucrative derivatives market. $COIN shares have surged over 30% since May, boosted by the acquisition news and Coinbase's upcoming historic inclusion in the S&P 500 index on May 19, marking the first crypto company to join the prestigious benchmark.