FTX US makes strategic investment in IEX

Leading crypto exchange FTX US announced an agreement to make a strategic investment in IEX Group, Inc., who operate the regulated US Investors' Exchange LLC, Invezz learned from a press release.

The investment is aimed at establishing a simple, straightforward, and transparent market structure for selling, buying, and exchanging digital asset securities. The deal is expected to close after regulatory approval next month.

Upcoming initiative to discuss future of digital assets

FTX and IEX plan to introduce an initiative for investors to join the discussion about the future of market structure for digital asset securities.

Sam Bankman-Fried, CEO of FTX and FTX US, commented:

Inspiring cutting-edge innovation for almost a decade

IEX was founded as an alternative trading system in 2013. It obtained approval to operate a U.S. regulated stock exchange in 2016. In that time, no entity has inspired more cutting-edge structural innovation in equity market structure.

CEO and Co-Founder of IEX Brad Katsuyama said: