Crypto alternate FTX is reportedly trying into shopping for Robinhood


Illustration by Alex Castro / The Verge

Cryptocurrency alternate FTX is reportedly contemplating an acquisition of the buying and selling platform Robinhood, in line with a report from Bloomberg. Sources near the scenario instructed Bloomberg that FTX continues to be weighing the likelihood and hasn’t but made a proposal.

When requested concerning the doable buyout, FTX CEO Sam Bankman-Fried acknowledged that the corporate at the moment isn’t within the technique of making an attempt to accumulate Robinhood. “We’re enthusiastic about Robinhood’s enterprise prospects and potential methods we may associate with them,” Bankman-Fried stated in an announcement to Bloomberg. “That being stated, there aren’t any energetic M&A [mergers and acquisitions] conversations with Robinhood.” The Verge reached out to FTX with a request for remark however didn’t instantly hear…

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