Despite its valuation of $100 billion, Coinbase is actively pursuing acquisitions to fuel growth. With $10 billion in cash, the leading U.S. cryptocurrency exchange has made significant moves in 2025, including a $2.9 billion acquisition of Deribit, a cryptocurrency options trading platform, and a $375 million purchase of Echo, an onchain capital raising platform. The latter deal gained attention due to influencer Cobie, who received $25 million from Coinbase to revive his podcast. Coinbase's head of corporate development, Aklil Ibbsa, explained that their acquisition strategy resembles a power law distribution, where not every investment yields success, but the successful ones can significantly benefit the overall portfolio. Notable past acquisitions include Tagomi and Xapo's institutional businesses, which helped establish Coinbase as a leading crypto custodian. Ibbsa emphasized that Coinbase's strategy focuses on identifying companies that align with its vision of becoming an 'everything exchange,' with a fast-paced environment for evaluating potential deals. Read more AI-generated news on: https://app.chaingpt.org/news