Crypto exchange FTX clarified it is not in talks to acquire Robinhood Markets

Bloomberg News announced for this present week that crypto trade FTX is in converses with purchase the exchanging stage goliath Robinhood Markets.

There are no dynamic M&A discussions with Robinhood, Sam Bankman-Fried said in a messaged articulation to reuters.

Sam Bankman anyway communicated his desire to cooperate with the application based exchanging stage what's in store.

Sam Bankman-Fried uncovered a 7.6% stake in Robinhood last month.

The organization had a market valuation of almost $7 billion as of Friday's end cost.

The US auxiliary of FTX reported last month that it would send off a stock exchanging stage toward the mid year's end.

Earlier, FTX bailed out BlockFi by providing $250 million revolving credit.