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The CEO of cryptocurrency exchange FTX Sam Bankman-Fried said that the company is not in talks about the acquisition of online broker Robinhood. About this writes Reuters.
Earlier, Bloomberg, citing sources familiar with the situation, reported that FTX is studying the possibility of absorbing Robinhood.
At the same time, the publication pointed out that the final decision has not yet been made and the exchange may refuse to conclude the transaction.
“There are no active merger and acquisition talks with Robinhood. We are excited about Robinhood’s business prospects and potential ways to partner with them,” said Bankman-Fried.
Recall that in May, emergent Fidelity Technologies, a firm associated with the head of FTX, acquired a 7.6% stake in Robinhood.
Bankman-Fried later said the exchange would spend “billions” of dollars to buy stakes in other companies to expand its product lineup.
In June, the FTX absorbed Canadian regulated cryptocurrency platform Bitvo. According to media reports, the exchange is negotiating with several companies focused on classic securities, as well as buying a stake in the BlockFi landing platform.
Last year, FTX agreed to acquire Japanese cryptocurrency exchange Liquid and its subsidiaries. In June, it was renamed FTX Japan, which became a division for customer service in Japan.
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