FTX is not planning to buy Robinhood. The CEO of crypto exchange, Sam Bankman-Fried, refuted rumors about any such deal.he is excited about Robinhood’s business prospects and collaboration in the future but clarified that FTX was not exploring opportunities to acquire the financial service company.
Robinhood has a dual-class shareholder structure, meaning – the founders of the company are given more power. This makes a potential case for buy-out impossible without their approval. Last month, a filing with the US Securities and Exchange Commission revealed that SBF had bought a 7.6% stake in Robinhood.at the time that he regards Robinhood to be an “attractive investment” but has no intentions to change or influence the trading platform.
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