FTX Quietly Seeks to Buy Brokerage Startups Amid Move into Stock Trading

A report by CNBC media outlets shows that the has been planning to acquire brokerage startups. The new interest comes after the crypto exchange recently expanded into stock trading.

Sources familiar with negotiations have disclosed that the Bahamas-based crypto exchange has approached at least three privately held stock trading startups for a possible acquisition.

The sources asked for their identities to remain anonymous because the deal talks were confidential.

In recent months, FTX has spoken to firms including Webull, Apex Clearing and Public.com, among others, sources said.