Robinhood Expands into Crypto Prediction Markets With LedgerX Acquisition From FTX

Financial platform Robinhood has strategically acquired LedgerX, a former FTX-owned derivatives exchange, marking a significant expansion into cryptocurrency prediction markets. This acquisition positions Robinhood to compete with established prediction market platforms and enhances their crypto derivatives offerings for retail traders. The move demonstrates Robinhood's continued commitment to cryptocurrency services despite recent market volatility.