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Crypto trading platform FTX plans to acquire Robinhood

Eager to develop rapidly by making strategic acquisitions in particular, the crypto trading platform FTX reportedly looking to acquire Robinhoodreveals Bloomberg citing sources familiar with the matter.

If there is no official purchase offer, FTX teams are working on whether to acquire Robinhood.

FTX CEO Sam Bankman-Fried told Bloomberg that his company is excited about potentially partnering with Robinhood, but there have been no active merger conversations yet.

Robinhood is a very popular trading application in the United States, it allows you to buy and sell traditional stocks but also to do crypto trading with Bitcoin (BTC) or Dogecoin (DOGE) for example.

Nothing concrete therefore for the moment but this news of Bloomberg had the effect of raising the‘action Robinhood (HOOD) au Nasdaq.

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After having raised several billion dollars, FTX now has a war chest that allows it to acquire other companies in order to accelerate its development in the United States and in the rest of the world.

FTX recently formalized the launch of FTX Japan which came about thanks to the takeover of the Japanese crypto exchange Liquid.

While some crypto companies such as Coinbase, Bybit, Gemini, or Bitpanda are currently struggling, FTX on the contrary continues to hire and invest in strategic companies.

FTX also came to the aid of the company BlockFi by granting him a credit of 250 million dollars.

The Alameda Research fund, linked to FTX, granted him a credit facility ofe 500 million dollars to the crypto platform Voyager Digital which finds itself in difficulty following its exposure of 660 million dollars with the fund Three Arrows Capital (3AC).

Much like Binance or Kraken, crypto exchange FTX is taking advantage of the crypto bear market to strategically position itself within currently struggling crypto businesses.

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