FTX, the Cryptocurrency Exchange firm founded by the billionaire Sam Bankman-Fried, is reportedly looking to acquire Robinhood, according to a report by Bloomberg. Robinhood is a popular trading platform that exposed millions of traders around the globe to popular cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE).
As per Bloomberg, FTX is currently exploring the possibilities of a possible acquisition and conducting discussions internally about the same. Although no decision has been made to pursue a takeover or a merger, FTX has considered it a possibility. According to Bloomberg's source, FTX has yet to approach Robinhood with a buyout or merger proposal and may still decide against pursuing a purchase.