FTX denied talks of buying Robinhood
The crypto exchange’s head Sam Bankman-Fried noted the company’s interest in potential ways to cooperate with the online broker
28.06.2022 - 11:05
233
1 min
0
What’s new? Representatives of cryptocurrency exchange FTX have denied any information about the possible purchase of Robinhood. Bloomberg reporters had previously reported that there were talks within the company about takeover options for the online broker. FTX CEO Sam Bankman-Fried noted that the purchase is not being discussed at the moment and that the company is “excited about Robinhood’s business prospects and potential ways we could partner with them.”
What is known about the cooperation? In May, the FTX chief bought a 7,6% stake in Robinhood worth $648,29 million. After that, the online broker’s stock price rose by more than 30%. In a report to the US Securities and Exchange Commission (SEC), Bankman-Fried noted that he does not intend to influence Robinhood’s activities at the moment, but may consider “options for enhancing stockholder value through, among other things, various strategic alternatives or operational or management initiatives.”
As of June 28, HOOD’s shares are trading at $9,12, having gained 14% per day, according to Investing.com.
On June 24, the WSJ journalists reported that FTX is in talks to buy a stake in BlockF, ai trading platform. In addition, on June 21, the exchange provided the platform with a $250 million loan.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024