“FTX is not planning to buy Robinhood.” Sam Bankman-Fried The CEO of the crypto exchange denies rumors of the deal.
According to the latest SBF report saidHe was excited about Robinhood’s future business opportunities and partnerships, but clarified that FTX was not acquiring the company.
“I’ve always been impressed with the business that Vlad and his team have built. But we have no discussions about a merger with Robinhood.”
reportIt previously stated that FTX was undergoing internal considerations on how to buy a brokerage app. but has not yet made an offer
CEO Vlad Tenev and CCO Baiju Bhatt each own about 8 percent of Robinhood and control 64% of the company’s voting power.
There are few digital assets on the platform. But Robinhood’s revenue growth is also clearly influenced by its crypto-related trading revenue.
The post CEO of FTX denies rumors of plans to buy Robinhood appeared first on Bitcoin Addict.