Share this article
Robinhood Shares Spike on Report FTX May Be Seeking to Acquire It
Plans are still in the preliminary stages, according to a report from Bloomberg.
By Nelson Wang
Updated May 9, 2023, 3:49 a.m. Published Jun 27, 2022, 7:55 p.m.
Shares of no-commission trading platform Robinhood (HOOD) were rising about 16% and trading was briefly halted after Bloomberg reported that crypto exchange FTX was looking into a possible deal to acquire the company, citing people with knowledge of the matter.
- No formal offer has been made yet and FTX could decide not to go forward with any plans, according to the report.
- In May, an SEC filing revealed that FTX founder and CEO Sam Bankman-Fried had purchased a 7.6% stake in Robinhood through an Antiguan firm called Emergent Fidelity Technologies Ltd.
- "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 [Robinhood CEO Vlad Tenev] and his team have built," wrote Bankman-Fried in a statement emailed to CoinDesk. "That being said, there are no active M&A conversations with Robinhood."
- On Monday morning, Goldman Sachs upgraded Robinhood shares from sell to neutral in a report that also downgraded Coinbase (COIN) shares due to the sharp decline in crypto prices and subsequent trading activity.
- Shares of Robinhood are down 47% this year. They are down roughly 75% from their IPO level last July.
- Commissions from cryptocurrency trading have become a growing part of Robinhood’s business.
UPDATE (June 27, 20:07 UTC): Added emailed statement from Sam Bankman-Fried.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug
As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.
Top Stories
