Crypto exchange FTX is reportedly looking into buying Robinhood

June 27, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Illustration by Alex Castro / The Verge

Cryptocurrency exchange FTX is reportedly considering an acquisition of the trading platform Robinhood, according to a report from Bloomberg. Sources close to the situation told Bloomberg that FTX is still weighing the possibility and hasn’t yet made an offer.

When asked about the possible buyout, FTX CEO Sam Bankman-Fried stated that the company currently isn’t in the process of trying to acquire Robinhood. “We are excited about Robinhood’s business prospects and potential ways we could partner with them,” Bankman-Fried said in a statement to Bloomberg. “That being said, there are no active M&A [mergers and acquisitions] conversations with Robinhood.” The Verge reached out to FTX with a request for comment but didn’t immediately hear…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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Crypto exchange FTX is reportedly looking into buying Robinhood

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