Big Law
FTX Denies Robinhood Acquisition Rumors
Global crypto exchange FTX has clarified that it is not in active talks to acquire Silicon Valley-based online trading app Robinhood, the media reported on Tuesday.
A TechCrunch report said that FTX is “excited” about Robinhood’s business prospects but is not talking about acquiring the platform.
“We are excited about Robinhood’s business prospects and potential ways we could partner with them, and I have always been impressed by the business that Vlad and his team have built,” FTX CEO Sam Bankman-Fried was quoted as saying in the report.
