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Strike Gold by Sharing Your TradFi Orders and Pictures!
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CEX CEO: Continuing to follow acquisition opportunities after the acquisition of CEX.
[CEX CEO: Continuing to Follow Acquisition Opportunities After CEX Acquisition] Brian Armstrong, CEO of CEX Global Inc., stated on Bloomberg Television on Wednesday that the company is still pursuing acquisition opportunities after reaching an agreement to acquire the derivatives trading exchange CEX for $2.9 billion earlier this month. He pointed out that the company’s balance sheet is strong, and as a publicly listed company, it has liquidity available for acquisitions, although it will choose carefully and seek the right timing to act. Armstrong specifically mentioned that the company is particularly focused on international markets, targeting businesses that align with its philosophy and can drive CEX product development and rise. When asked if CEX would consider acquiring the stablecoin issuer Circle (CEX had previously reached a revenue-sharing agreement with Circle), he responded, “There is no relevant news to announce today.”