FTX CEO <a href="https://www.cryptoknowmics.com/news/sam-bankman-fried-is-the-sole-largest-shareholder-of-voyager-digital/" target="_blank" rel="noopener">Sam Bankman-Fried</a> (SBF) clarified that it is not in talks to acquire the <a href="https://www.cryptoknowmics.com/news/600-million-doge-sent-to-robinhood-anonymously/" target="_blank" rel="noopener">Robinhood</a> 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.
<blockquote><em>"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&amp;A conversations with Robinhood,"</em> Bankman-Fried <a href="https://www.reuters.com/markets/deals/bankman-frieds-ftx-seeking-path-buy-robinhood-bloomberg-news-2022-06-27/" target="_blank" rel="nofollow noopener">told</a> Reuters.</blockquote>
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.
<h2>SBF Continues Acquiring Stakes in Crypto Companies</h2>
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 <a href="https://www.cryptoknowmics.com/news/crypto-lender-blockfi-secures-250m-credit-facility-from-ftx/" target="_blank" rel="noopener">BlockFi</a> 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 including 15,000 BTC from Alameda Ventures, the venture capital arm of Bankman-Fried's quantitative crypto trading firm Alameda research.

FTX CEO Bankman-Fried Denies Reports of Acquiring Robinhood

FTX CEO Sam Bankman-Fried, clarified that it is not having any active mergers and acquisitions conversations with Robinhood Markets.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

FTX CEO Bankman-Fried Denies Reports of Acquiring Robinhood

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