Coinbase CFO: The company is currently cautious about non-organic growth and needs to ensure that mergers and acquisitions are really beneficial to the business
Coinbase CFO Alesia Haas spoke about the company's cautious attitude towards non-organic growth in a speech.
Coinbase has successfully reduced expenses, thereby improving efficiency and profitability. According to Coinbase's second-quarter financial report, its operating expenses have dropped significantly, and adjusted EBITDA has improved. Coinbase has not stopped related (merger/acquisition/growth) transactions, but in the process of continuing to reduce costs, it has taken a more cautious approach.
Alesia Haas describes the company's non-organic growth strategy as "opportunistic." "For us, for mergers and acquisitions, we are looking for unique new skills, whether it is adding talent or adding new product lines, such as management or simply adding key personnel. Mergers and acquisitions will always be a part of it, it is opportunistic."
She added, "We have good pricing principles, and we want to ensure that this is truly beneficial for the business and that the market has changed. We are not as active this year as we have been in the past few years, and we will continue to maintain this and see how the market evolves." It is reported that Haas joined Coinbase from the hedge fund industry in 2018. (The Block)
Coinbase CFO describes company's non-organic growth strategy as 'opportunistic'
Alesia Haas, the Chief Financial Officer of Coinbase, discussed the company's cautious approach to non-organic growth in a speech, emphasizing the opportunistic nature of this strategy. Coinbase has successfully reduced expenses, thereby improving efficiency and profitability. As evidenced by their Q2 financial report, their operating expenses have significantly decreased and their adjusted EBITDA has improved. Coinbase has not stopped trading, but in the process of continuing to reduce costs, it has taken a more cautious approach.
Alesia Haas, the CFO of Coinbase, described the company's non-organic growth strategy as "opportunistic." Haas said, "For us, with M&A, we're looking for unique new skills, whether it's adding talent, adding new product lines like custody, or just adding key talent, M&A will always be a part of it, it's opportunistic." Haas joined the company in 2018 from the hedge fund industry.
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