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FTX boss Sam Bankman-Fried dismisses reports of Robinhood acquisition

Bankman-Fried recently injected funds into two crypto companies that have been under the spotlight, after crypto lender Celsius and hedge fund Three Arrows showed signs of trouble

Sam Bankman-Fried, chief executive at crypto exchange FTX, said the company is not having any active mergers and acquisitions conversations with Robinhood Markets, after a Bloomberg article said FTX is exploring whether it may be able to acquire the digital trading platform.

“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 Vlad and his team have built,” Bankman-Fried wrote in an emailed statement to MarketWatch. “That being said there are no active M&A conversations with Robinhood.” Bankman-Fried wrote.

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