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

Odaily Planet Daily News Coinbase Chief Financial Officer Alesia Haas talked about the company's cautious attitude towards non-organic growth in a speech. Coinbase has successfully reduced expenses, thereby increasing efficiency and profitability. According to Coinbase's second-quarter earnings report, its operating expenses fell sharply and its adjusted EBITDA improved. Coinbase is not stopping related (M&A/growth) deals, but it is taking a more cautious approach as it continues to drive down costs. Alesia Haas described the company's non-organic growth strategy as "opportunistic." “For us, for M&A, we’re looking for unique new skills, whether it’s adding talent, whether it’s adding new product lines, like management or just adding key talent. M&A will always be part of it, it’s opportunistic.” She added, "We have good pricing principles and we want to make sure that's really good for the business and the market has changed. We haven't been as active this year as we've been in the past few years and we'll keep that going and see how the market evolves It is reported that Haas joined Coinbase in 2018 from the hedge fund field. (The Block)