$HOOD is losing 3.5% on the premarket as FTX is not going to acquire the famous trading app and platform
As the article suggested, FTX was thinking about receiving a large share in the company after Robinhood a massive drop in the app's usage and earnings, following the catastrophe on the cryptocurrency market and rapidly dropping popularity of high-risk assets like tech stocks.
Prior to the rebuttal, HOOD rallied by over 11%, showing that investors are bullish on the potential"cryptofication" of the platform in the future. The crypto exchange's token, FTT, has shown no unusual volatility, as the potential purchase would not have affected the performance of the platform in any way. Generally, the token follows macro trends on the cryptocurrency market and loses 46% of its value in the last few months as the digital assets industry remains under heavy pressure.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Crypto exchange FTX is looking into acquiring Robinhood: ReportFTX is eyeing Robinhood for an acquisition, but nothing is set yet.
Leer más »
Bankman-Fried's FTX internally mulling Robinhood deal - Bloomberg NewsSam Bankman-Fried's FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets Inc , Bloomberg News reported on Monday, citing people with knowledge of the matter.
Leer más »
Crypto exchange FTX is reportedly looking into buying RobinhoodFTX hasn’t made an offer to buy Robinhood yet.
Leer más »
FTX CEO Sam Bankman-Fried says 'no active M&A conversations with Robinhood'Sam Bankman-Fried, chief executive at crypto exchange FTX, said the company is not having any active M&A conversations with Robinhood Markets HOOD Inc.,
Leer más »
BREAKING: FTX Reportedly Intends to Buy Robinhood, HOOD Soars 18%Cryptocurrency exchange FTX is yet to make the final decision, the report says
Leer más »
FTX Token DAO Raises $7M From Community of Sam Bankman-Fried FansThe fttdao community has raised $7 million for the FTT DAO ecosystem fund, a DAO that idolizes FTX_Official CEO SBF_FTX. Reporting by oknightcrypto.
Leer más »