Insiders: FTX is raising funds and negotiating the acquisition of a retail trading platform

According to ChainCatcher news, FTX is reportedly raising funds while pursuing potential acquisitions. It is evaluating several possible acquisition candidates, some of which are companies operating retail trading platforms. Negotiations are in the early stages, and if the acquisition talks fail, the likelihood of FTX raising funds will decrease. If FTX proceeds with financing, it will seek the same $32 billion valuation as in its earlier fundraising this year. An FTX spokesperson declined to comment on this.

Earlier in August, there were rumors that FTX would acquire Huobi, but FTX founder SBF denied the claim; in June, SBF purchased 56 million shares of Robinhood, accounting for 7.6%, becoming Robinhood's third-largest shareholder, and expressed a willingness to collaborate with Robinhood. Subsequently, Robinhood's CEO denied the rumors of an FTX acquisition. (CoinDesk)