Crypto exchange FTX is looking into acquiring Robinhood: Report

Crypto exchange FTX is looking into acquiring Robinhood: Report

Robinhood, a discount brokerage that popularized crypto trading among mainstream users, has allegedly fallen on hard times. Cryptocurrency derivatives exchange FTX is reportedly exploring a takeover of Robinhood Markets, the popular trading app that introduced millions of traders to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE).Citing people familiar with the matter, Bloomberg reported Monday that FTX is holding internal deliberations about whether to acquire Robinhood. Although no decision has been made to pursue a takeover, FTX is said to be taking the matter seriously. Bloomberg's....


Related News

Robinhood Begins European Expansion, Acquiring Regulated UK-Based Crypto Firm...

Nasdaq-listed trading platform Robinhood is acquiring Ziglu, a London-based electronic money institution and crypto asset firm. The acquisition is part of Robinhood’s international expansion plan. Robinhood “sees a big opportunity in serving customers across the globe.” Robinhood Acquiring Regulated Crypto Firm Ziglu Popular U.S.-based trading platform Robinhood announced Tuesday that it has signed an agreement to acquire a regulated cryptocurrency firm Ziglu. Citing its mission to “democratize finance for all,” Robinhood....

SEC Delays Robinhood IPO Over Questions Concerning the Company’s Crypto Busin...

Robinhood Markets Inc., the American financial services company headquartered in Menlo Park, California, has seen its initial public offering (IPO) delayed by the U.S. Securities and Exchange Commission (SEC). According to a report citing “people familiar with the matter” the SEC is questioning Robinhood’s cryptocurrency business. SEC Questions Robinhood’s Crypto Dealings, IPO Delayed Robinhood was supposed to be having an initial public offering this month but according to a report from Bloomberg, the listing has been slowed by the SEC. The report cites a few....

Robinhood Billion-Dollar Reversal: $600 Million Deal Sees Bankman-Fried Stake...

Robinhood, the popular online brokerage platform, has successfully executed a significant share repurchase agreement, acquiring $605 million worth of shares from Emergent Fidelity Technologies, owned by Sam Bankman-Fried, former CEO of the bankrupt crypto exchange FTX.  The company filed an 8-K form with the US Securities and Exchange Commission (SEC) to officially announce the agreement, […]

Robinhood and Circle Partner to Let Exchange and Wallet Users Utilize the Sta...

After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic partnership with Circle Financial. The deal revealed on Wednesday will provide Robinhood Crypto and Robinhood Wallet users with the ability to purchase and sell usd coin, and access “exclusive in-app educational modules to earn USDC rewards.” Robinhood and Circle Partner to Offer USDC Accessibility On Wednesday, Robinhood Markets (Nasdaq: HOOD) published an “Under the....

Breaking: FTX Exploring Ways To Purchase Robinhood

Per a Bloomberg report, crypto exchange FTX is currently looking into ways to purchase Robinhood (HOOD), the U.S. trading platform that offers its clients access to the stock and crypto market. The report quotes sources familiar with the initiative. Related Reading | “Bitcoin Is The Only One I’m Willing To Say Is A Commodity”, SEC Chair […]