The secret behind Coinbase’s billion-dollar acquisition strategy

Despite its massive valuation, Coinbase actively pursues acquisitions, exemplified by recent large deals like the $2.9 billion purchase of Deribit and the $375 million acquisition of Echo. Aklil Ibbsa, Coinbase’s Head of Corporate Development and M&A, explained that their strategy adheres to a power law distribution: they take numerous acquisition 'shots on goal,' knowing that a few major winners will compensate for the rest. Successful past acquisitions, such as Tagomi (which formed Coinbase Prime) and Xapo's institutional business, validate this approach. Ultimately, M&A is viewed as a tool to accelerate Coinbase's overarching business strategy to become an "everything exchange."

(Source：Cointelegraph)