A month after the CEO of FTX acknowledged owning a stake at Robinhood, rumors have immerged of FTX planning to purchase Robinhood. The rumors initially caused trading of Robinhood shares (NASDAQ: ហូដ) to be halted for a few minutes.
However, after the resumption of trading, the Robinhood shares have spiked by more than 14%.
តើអ្នកកំពុងស្វែងរកព័ត៌មានរហ័សព័ត៌មានជំនួយក្តៅនិងការវិភាគទីផ្សារមែនទេ?
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At the time of writing, the Robinhood stock was trading at $9.12 after a +1.12 (14.00%) hike.
FTX’s Robinhood takeover rumor
Robinhood, a US-based mobile-friendly stock and crypto brokerage firm, has been growing rapidly since it was established in 2013. The Robinhood trading platform currently has over 17 million active users and its stock already debuted on the NASDAQ stock market in 2021.
Robinhood added cryptocurrency trading in 2018 and currently allows users to trade over 11 cryptocurrencies including Dogecoin (DOGE) and Shiba Inu (SHIB).
However, at the moment, only users from the United States and the United Kingdom are able to trade on Robinhood. Robinhood is licensed in 27 states in the US and it is a member of the Financial Industry Regulatory Authority (FINRA). It is also overseen by the SEC since it is a publicly-traded business.
Following Robinhood’s success at a time when the cryptocurrency market has been experiencing winter, rumors have immerged that FTX, one of the leading crypto exchanges, is planning to buy it.
However, the FTX CEO, Bankman-Fried, today sent an emailed statement denying the rumors.
According to the statement, the CEO said:
“There are no active M&A conversations with Robinhood. We are excited about Robinhood’s business prospects and potential ways we could partner with them.”
The rumors could be fuelled by Fried’s statement in May when he called Robinhood shares “an attractive investment.”
Goldman Sachs revised Robinhood shares to neutral
On Monday, Goldman Sachs revised its rating of Robinhood stock from a sell to neutral in a report that downgraded the ភាគហ៊ុន Coinbase.
Following FTX purchase rumors, FTX CEO had reached out to Bloomberg via a statement saying while the exchange would be interested in purchasing Robinhood, there are no active merger discussions yet.
FTX has been offering bailouts to crypto firs affected by the recent market price plunge with the most recent being the $250 million bailout of the Bitcoin lender BlockFi and the purchase of Canadian cryptocurrency exchange Bitvo.
Capital.com
9.3/10
៧៥% នៃគណនីវិនិយោគិនលក់រាយបាត់បង់លុយនៅពេលធ្វើពាណិជ្ជកម្ម CFDs ជាមួយអ្នកផ្តល់សេវានេះ។ អ្នកគួរតែពិចារណាថាតើអ្នកអាចមានលទ្ធភាពទទួលយកហានិភ័យខ្ពស់នៃការបាត់បង់ប្រាក់របស់អ្នកដែរឬទេ។
Source: https://invezz.com/news/2022/06/28/after-the-halt-robinhood-shares-jump-14-on-ftxs-purchase-rumor/