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
242
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?
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024