CEX CEO: Continuing to follow acquisition opportunities after the acquisition of CEX.

GateUser-6433627c · 2025-05-15T04:15:24+00:00

The CEO of CEX Global Inc. stated that although they have made an acquisition of CEX, the company is still following merger and acquisition opportunities. The company has strong assets and ample liquidity for acquisitions, but will choose the timing carefully. They are focusing on the international market to find suitable companies that can drive product development and rise. Regarding the acquisition of Circle, the CEO stated that there is currently no relevant news.

GateUser-6433627c

2025-05-15 04:15:24

Abstract generation in progress

[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.”

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