Bankman-Fried's FTX internally mulling Robinhood deal - Bloomberg News

The retail-trading platform's shares were down 4% in extended trading after initially rising 

Sam Bankman-Fried's FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets Inc, Bloomberg News reported on Monday, citing people with knowledge of the matter.

Qazet.az reports that FTX is discussing internally how to buy the app-based brokerage and Robinhood has not received a formal takeover approach, the report said.

Robinhood declined to comment. The retail-trading platform's shares were down 4% in extended trading after initially rising on the report.

"We are excited about Robinhood's business prospects and potential ways we could partner with them," Bankman-Fried said in an emailed statement. He, however, added that "there are no active M&A conversations with Robinhood."