The collapse of FTX and the resulting fallout has a number of potential implications for Robinhood, the report said. These include the potential liquidation of 56.3 million shares owned by FTX founder Sam Bankman-Fried, the removal of FTX as a potential acquirer, and lower crypto trading revenue due to the “substantial price declines and material deterioration in investor confidence.
Source: https://www.coindesk.com/markets/2022/12/13/citi-downgrades-robinhood-says-ftx-fallout-will-weigh-on-crypto-trading-revenue/?utm_medium=referral&utm_source=rss&utm_campaign=headlines