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CEX CEO: Continuing to follow acquisition opportunities after the acquisition of CEX.
[CEX CEO: Continuing to Follow Acquisition Opportunities After the Acquisition of CEX] Brian Armstrong, CEO of CEX Global Inc., said on Bloomberg Television on Wednesday that the company is still continuing to follow acquisition opportunities after reaching an agreement earlier this month to acquire the derivatives trading exchange CEX for $2.9 billion. 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 cautiously and seek the right timing to act. Armstrong specifically mentioned that the company is particularly focused on international markets, aiming for those enterprises that align with its vision and can drive CEX product development and growth. When asked if CEX would consider acquiring the stablecoin issuer Circle (CEX had previously reached a revenue-sharing agreement with Circle), he replied, “There is no related news to announce today.”