FTX US and IEX join forces to help shape market structure for digital assets
CHICAGO and NEW YORK , April 5, 2022 /PRNewswire/ -- FTX US ("the Company"), a leading U.S. regulated cryptocurrency exchange, today announced it has entered into an agreement to make a strategic investment in IEX Group, Inc. ("IEX"), operator of the U.S. regulated national stock exchange, Investors' Exchange LLC ("IEX Exchange"). Through this investment, the two companies will work together to establish a clear, simple, and transparent market structure for buying, selling, and trading digital asset securities. The deal is expected to close next month, subject to customary closing conditions and regulatory approval.
- Through this investment, the two companies will work together to establish a clear, simple, and transparent market structure for buying, selling, and trading digital asset securities.
- Sam Bankman-Fried, CEO of FTX and FTX US, commented, "Investing in IEX created a tremendous opportunity for FTX US.
- The U.S. market should be the largest player in digital assets globally and we believe that this partnership will help facilitate that."
- The companies plan to introduce an initiative that invites all investors to join the conversation about the future of market structure for digital asset securities.