Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a UnS. national stock exchange.
FTX US has signed an agreement to make a strategic investment in the IEX’s operator IEX Group to jointly establish a market structure for buying, selling and trading digital asset securities, the firm announced to Cointelegraph on Tuesday.
IEX and FTX US expect to close the deal in May 2022, subject to customary closing conditions and regulatory approval.
The new collaboration aims to provide services for retail and institutional investors. IEX is planning to implement its existing market structure and regulatory principles.
FTX and FTX US CEO Bankman-Fried pointed out that the collaboration with IEX will further contribute to the establishment of the crypto market structure and cooperation with regulators. He noted that he has long been a fan of IEX CEO Brad…
