Cryptocurrency exchange FTX expands in traditional sector and invests in IEX stock exchange


One of the fastest growing crypto exchanges in the world, is making a significant investment in the traditional finance sector. What can FTX’s participation in IEX bring to cryptocurrency adoption?

An opportunity for digital securities

Investors Exchange (IEX) is one of the most famous stock exchanges within the United States. In recent days, it has become an investment target for FTX. Sam Bankman-Fried’s cryptocurrency exchange, is very active in the investment market and for this reason, it is currently acquiring shares in IEX. Representatives of FTX have signed an agreement that opens the door for them to co-create a market for securities trading of digital assets.

According to available information, the two parties are planning to close the deal in the coming month. However, regulatory approval is needed for this plan to go through. This one so far seems to be just a formality. The details of the investment value are not known. 

According to Sam Bankman-Fried, this investment is not only a significant step in the development of FTX, but also an excellent move for its image. In his words:

“Investing in IEX has created a huge opportunity for FTX. With this investment, we have become part of one of the most trusted and innovative companies in the stock market.”

In turn, IEX co-founder and CEO Brad Katsuyama notes that the collaboration is also a regulatory opportunity. As he puts it:

“To unlock its full potential, the cryptocurrency and digital asset industry needs to engage with regulators and truly scale what has been built. We both see regulators as important allies in providing a clear path forward and achieving the highest possible standards of investor protection.”

A positive move for the cryptocurrency world

The collaboration does not only boost the image of the FTX exchange, but also gives a much larger audience access to cryptocurrencies. The new initiative will allow significant numbers of both individual and institutional customers to access blockchain-based products. 

The groundbreaking move from FTX is also an opportunity for significant regulatory changes. As a result, and in the long run, not only the mentioned exchanges will benefit. The collaboration paves the way for other companies operating in the crypto industry. It is expected that these kinds of collaborations will occur more often. 

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news


XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load


Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load


All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load