FTX CEO Bankman-Fried Denies Reports of Acquiring Robinhood

FTX CEO Sam Bankman-Fried (SBF) clarified that it is not in talks to acquire the Robinhood trading platform. Bloomberg News reported on Monday that crypto exchange FTX was in talk to acquire the Robinhood trading platform. However, FTX’s boss SBF denied claims that the company is not having any active mergers and acquisitions conversations with Robinhood Markets. “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. That being said there are no active M&A conversations with Robinhood,” Bankman-Fried told Reuters. However, the founder and chief executive of FTX also expressed his wish to partner with the app-based trading platform in the coming future. Last month, he revealed a 7.6% stake in Robinhood, about $648 million at the time, but said he did not have any intention of taking control of the retail-trading platform. SBF Continues Acquiring Stakes in Crypto Companies SBF recently injected funds into two crypto companies after crypto lender Celsius and hedge fund Three Arrows showed signs of trouble. Earlier Last week, Celsius’ rival BlockFi also said it had received a $250 million revolving line of credit from FTX to help bolster its balance sheet. Meanwhile, Crypto brokerage Voyager Digital recently said that it has entered into a definitive agreement to raise $200 million in cash and USDC inclu...