{"id":468184,"date":"2022-06-27T23:29:24","date_gmt":"2022-06-27T20:29:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-exchange-ftx-exploring-robinhood-acquisition-report\/"},"modified":"2022-06-27T23:29:24","modified_gmt":"2022-06-27T20:29:24","slug":"crypto-exchange-ftx-exploring-robinhood-acquisition-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-ftx-exploring-robinhood-acquisition-report\/","title":{"rendered":"#Crypto exchange FTX exploring Robinhood acquisition: report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22becdaf821\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22becdaf821\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-ftx-exploring-robinhood-acquisition-report\/#%E2%80%9CCrypto_exchange_FTX_exploring_Robinhood_acquisition_report%E2%80%9D\" >&#8220;Crypto exchange FTX exploring Robinhood acquisition: report&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCrypto_exchange_FTX_exploring_Robinhood_acquisition_report%E2%80%9D\"><\/span>&#8220;Crypto exchange FTX exploring Robinhood acquisition: report&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Crypto billionaire Sam Bankman-Fried\u2019s exchange firm FTX is reportedly exploring a possible acquisition of Robinhood \u2013 a development that sent shares of the struggling stock trading platform soaring 14% on Monday.<\/p>\n<p>Executives at FTX, a leading cryptocurrency exchange that rivals Coinbase and Binance internationally, are \u201cdeliberating internally\u201d on how to buy Robinhood, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-27\/sam-bankman-fried-s-ftx-seeking-to-buy-robinhood-hood?srnd=premium\">Bloomberg reported<\/a>, citing sources familiar with the matter.<\/p>\n<p>FTX has yet to formally <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach Robinhood with an offer and have yet to make a final decision on whether to pursue a takeover, the sources added.<\/p>\n<p>\u201cWe are excited about Robinhood\u2019s business prospects and potential ways we could partner with them,\u201d Bankman-Fried said in an email to Bloomberg. \u201cThat being said, there are no active M&amp;A conversations with Robinhood.\u201d<\/p>\n<p>Trading of Robinhood shares <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/story\/robinhood-stock-spikes-after-reported-deal-interest-from-ftx-2022-06-27?siteid=bnbh\">was briefly halted around 3 p.m. ET<\/a> as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> about FTX\u2019s potential interest surfaced. Trading resumed about 10 minutes later.<\/p>\n<p>Robinhood declined to comment. FTX did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely return a request for comment.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sam-bankman-fried-getty-01.jpg?w=1024\" alt=\"Sam Bankman-Fried\" class=\"wp-image-22824669\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sam-bankman-fried-getty-01.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sam-bankman-fried-getty-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/sam-bankman-fried-getty-01.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sam Bankman-Fried is the billionaire co-founder of FTX.<\/figcaption><figcaption><span class=\"credit\">CQ-Roll Call, Inc via Getty Imag<\/span><\/figcaption><\/figure>\n<p>Robinhood\u2019s co-founders, CEO Vlad Tenev and Chief Creative Officer Baiju Bhatt control more than 50% of the company\u2019s voting power, according to company filings.<\/p>\n<p>FTX\u2019s reported interest emerged weeks after an SEC filing revealed that Emergent Fidelity Technologies, a firm owned by Bankman-Fried, had bought a 7.6% stake in\u00a0Robinhood\u00a0worth $648 million. The purchase established Bankman-Fried\u2019s Emergent as Robinhood\u2019s third-largest shareholder.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/ftx-token-ap-01.jpg?w=1024\" alt=\"FTX\" class=\"wp-image-22824678\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/ftx-token-ap-01.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/ftx-token-ap-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/ftx-token-ap-01.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>FTX is a prominent cryptocurrency exchange.<\/figcaption><figcaption><span class=\"credit\">Sipa USA via AP<\/span><\/figcaption><\/figure>\n<p>The filing said that the firm took a stake because was \u201can attractive investment.\u201d Robinhood rolled out crypto wallet functionality on its platform earlier this year.<\/p>\n<p>Robinhood shares are down about 50% since January as the trading platform weathers a downturn in the broader market that has slammed investors large and small \u2013 including the retail \u201cmeme stock\u201d traders that made the company a household name during the COVID-19 pandemic.<\/p>\n<p>In April, Robinhood reported a $392 million loss for the first quarter. Quarterly revenue shrank 43% to $299 million compared to one year earlier, and the company acknowledged a decline in its monthly active user base.<\/p>\n<p>The company laid off 9% of its workforce that month, citing rapid headcount growth that led to overlap in some roles.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/27\/crypto-exchange-ftx-exploring-robinhood-acquisition-report\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Crypto exchange FTX exploring Robinhood acquisition: report&#8221; Crypto billionaire Sam Bankman-Fried\u2019s exchange firm FTX is reportedly exploring a possible acquisition of Robinhood \u2013 a development that sent shares of the struggling stock trading platform soaring 14% on Monday. Executives at FTX, a leading cryptocurrency exchange that rivals Coinbase and Binance internationally, are \u201cdeliberating internally\u201d on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":468185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/ftx-token-comp.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[86706,130743,76127,70584,70359],"class_list":["post-468184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-robinhood","tag-6-27-22","tag-cryptocurrency","tag-mergers-acquisitions","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/468184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=468184"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/468184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/468185"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=468184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=468184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=468184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}