FTX in Talks to Acquire an Online Broker

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Crypto derivatives exchange FTX is negotiating with several listed companies focused on classic securities for a potential acquisition, CNBC has reported citing informed sources.

According to them, FTX is in talks with at least three online brokers with an offer to purchase. However, the negotiations are at an early stage and the parties have not yet signed any agreements.

Webull, Apex Clearing and Public.com are reportedly among the companies addressed by the exchange.

As a result of a funding round conducted in February last year, Webull was valued at $1 billion, in the same year Public.com was valued at $1.2 billion, whereas Apex Clearing planned a merger with SPAC Northern Star Investment Corp. II at an estimate of $4.7 billion.

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