Robinhood CEO denies FTX merger rumors, saying there are still 6 billion cash available for acquisitions

[Robinhood CEO Denies FTX M&A Rumors, Said Still 6 Billion in Cash Available for Acquisition] Golden Financial News, CEO Vlad Tenev said on Wednesday that if brokerage firms want to explore potential acquisitions, Robinhood has $6 billion in cash. In response to a question on "the progress of FTX's acquisition of Robinhood" on the earnings call, Vlad Tenev said on the earnings call, \"I like us as an independent company. Vlad Tenev pointed out that Robinhood has about $6 billion in cash available for acquisitions, Companies see an opportunity for acquisitions in the current industry environment. In April, Robinhood said it would acquire U.K.-based crypto platform Ziglu. (CoinDesk)

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