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


Expert predicts Ripple IPO date

Wall Street financial expert Linda Jones has shared details of Ripple’s anticipated IPO date. Her analysis indicated potential dates, but the current market context and regulatory aspects…
All articles loaded
No more articles to load


Leveraged trading

Leveraged trading

The cryptocurrency market moves quite fast and offers the public the opportunity to make a lot of money in a…

How to buy XRP?

Our articles explain a lot about Ripple (XRP). This time we explain how to buy and store the XRP tokens.…

How to buy Bitcoin (BTC)?

Bitcoin (BTC) is the most popular cryptocurrency in the world. In 2021, as much as 11% of Americans claimed to…
Bitcoin ETF

Bitcoin ETF

The year 2020 was the time when Bitcoin (BTC) attracted institutional interest. It became a serious subject of discourse among…
All articles loaded
No more articles to load


All articles loaded
No more articles to load

Latest 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…
All articles loaded
No more articles to load