FTX Tempers Robinhood Buyout Reports - Aliens: AI Crypto News & Markets Updates
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FTX Tempers Robinhood Buyout Reports

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Crypto Briefing

Mon, Jun 27, 2022

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FTX appears to be exploring the possibility of acquiring the stock and crypto trading company Robinhood.

FTX is exploring the possibility of buying out the retail trading firm Robinhood, according to reports from Bloomberg, but has denied that it is currently in talks with the retail trading app company.

FTX is considering how it could acquire Robinhood, the firm behind the leading stock trading app of the same name, according to reporting from Bloomberg .

Last month, FTX founder and CEO Sam Bankman-Fried paid $648 million for 7.6% stake in Robinhood through a separate company.

The fact that FTX launched stock trading earlier this year also makes the company’s relationship with Robinhood a valuable one—either as a partner or a target for acquisition.

In spite of today’s gains, FTX could buy Robinhood at a low value.

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