Cryptocurrency derivatives exchange FTX is reportedly eyeing 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 contact clarified that FTX has yet to approach Robinhood with a buyout proposal and that it could still decide against pursuing a deal.
Despite the onset of crypto winter, FTX has shown no signs of slowing its expansion. The exchange, headed by billionaire Sam Bankman-Fried, recently tabled a $250 million bailout offer to Bitcoin lender BlockFi. Earlier this month, FTX entered into an agreement to purchase Canadian cryptocurrency platform Bitvo for an undisclosed amount.
Amid mass layoffs in the crypto exchange business, FTX...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...