FTX’s Reddit integration may symbolize Bankman-bet Fried’s endurance of the meme stock phenomena that began on Reddit, in addition to making it simpler to acquire Ethereum on the site. Last year, activity on subreddits such as r/WallStreetBets helped boost GameStop stock to new highs.
Bankman-Fried declared a 7.6 percent ownership in Robinhood, the free trading platform popular among young investors, in May, and there is speculation that he may be interested in purchasing the firm. Last month, FTX made regular stock trading available to all customers in the United States.
