FTX denies claims to acquire Robinhood
FTX denies claims to acquire Robinhood
- Bloomberg reported that the digital assets Exchange FTX is planning to buy the brokerage based on tradfi
- Bankman-Fried previously acquired 7.6 % of the popular trading app
The FTX crypto exchange put a report on Monday that the company is on to buy the traditional financial broker Robinhood.
A spokesman for the company told Blockworks that "there are no active M&A talks" with the broker, which is mainly aimed at retail, that is mainly with shares and options-in addition to a relatively smaller crypto business.
Bloomberg, citing anonymous sources, Sam Bankman-Fried-who was on an acquisition tour during the turbulent period of Crypto-was involved in the talks to get the commission-free investment platform
Bloomberg reported that no formal takeover offer had been received and that FTX - or Robinhood - could decide not to continue the deal.
"We are enthusiastic about the business prospects of Robinhood and the potential possibilities of how we can work with you, and I was always impressed by the business, the Vlad and his team," said the spokesman in a explanation. "Nevertheless, there are no active M&A talks with Robinhood."
Robinhood shares shot over Almost after Bloomberg reported on the takeover of ftx Course decline under the course
. . The contribution FTX denies claims to accept Robinhood is not a financial advice.
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