SINGAPORE (Reuters) - Broker Robinhood has no direct exposure to crypto exchange FTX, chief executive Vlad Tenev said on Twitter.
SINGAPORE (Reuters) – Broker Robinhood has no direct exposure to crypto exchange FTX, chief executive Vlad Tenev said on Twitter.
“Despite SBF having an equity stake in Robinhood, we have no direct exposure to Alameda, FTX, or any of its entities,” he wrote, referring to FTX CEO Sam Bankman-Fried. He said there were elevated trading volumes recently and that the last couple of days were “our two biggest days of crypto inflows ever.”
He did not quantify the flows. Cryptocurrency markets have been sliding as uncertainty swirls around the fate of FTX.
(Reporting by Tom Westbrook; Editing by Jacqueline Wong)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: