Is Robinhood Heading for an Acquisition? Wall Street Braces for Bidding War Amidst FTX Interest

3 min read

Robinhood once appeared destined to dominate the retail investing landscape. The platform’s payment-for-order flow framework coupled with revolutionary levels of access to assets like cryptocurrencies and even IPOs gave the impression of a platform that had ambitions to truly ‘democratise finance for all.’ However, 12-months on from its Nasdaq debut and the company’s stock sits more than 75% adrift from its opening price. Now, as rumours of an FTX acquisition surface, it appears that a buyout is the only logical option for the embattled brokerage.  As initially reported by Bloomberg, the recent news that leading crypto exchange FTX is exploring…...

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Dmytro Spilka Dmytro is a tech and finance writer based in London. His work has been published in Nasdaq, Kiplinger, Financial Express, The Diplomat, IBM, Investment Week and FXStreet.