{"id":23144,"date":"2022-04-05T14:01:37","date_gmt":"2022-04-05T13:01:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=23144"},"modified":"2022-04-05T14:01:46","modified_gmt":"2022-04-05T13:01:46","slug":"ftx-us-makes-strategic-investment-in-iex","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ftx-us-makes-strategic-investment-in-iex\/","title":{"rendered":"FTX US makes strategic investment in IEX stock exchange"},"content":{"rendered":"\n
FTX subsidiary FTX US<\/a> is investing in Investors Exchange(IEX), a national stock exchange in the United States to launch digital securities.<\/h5>\n\n\n\n
\"FTX
FTX US makes strategic investment in IEX stock exchange<\/figcaption><\/figure><\/div>\n\n\n\n

FTX US stated on Tuesday that it has inked an agreement to make a strategic investment in IEX Group, the operator of the IEX, in order to jointly build a market structure for buying, selling, and trading digital asset securities\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Subject to usual closing conditions and regulatory approval, IEX and FTX US anticipate closing the agreement in May 2022.<\/p>\n\n\n\n

About the investment<\/h2>\n\n\n\n

The new investment will offer services to both retail and institutional clients. IEX intends to put in place its current market structure and regulatory standards.<\/p>\n\n\n\n

The collaboration with IEX, according to FTX and FTX US CEO Bankman-Fried, would assist in the construction of the crypto market structure and coordination with authorities. He expressed his support for IEX CEO Brad Katsuyama's concept of fair exchange<\/a>, saying:<\/p>\n\n\n\n

\u201cInvesting in IEX created a tremendous opportunity for FTX US. With this investment, we\u2019re aligned with one of the most trusted and innovative companies in equities markets.\u201d<\/p><\/blockquote>\n\n\n\n

Through interaction with authorities, IEX co-founder and CEO Katsuyama stated that the cooperation with FTX intends to assist the United States to become the largest player in digital assets globally. He stated, “<\/p>\n\n\n\n

\u201cTo unlock its full potential, the crypto and digital asset industry<\/a> need to engage with regulators and truly scale what has been built […] We both see the regulators as important allies in providing a clear path forward and attaining the highest possible standards for investor protection.\u201d<\/p>\n\n\n\n

In addition to the strategic investment, FTX and IEX want to launch a new project that will invite all investors to participate in a discussion with regulators about the future of the market structure for digital asset securities. More information on the project will be released at a later date, according to the companies.<\/p>\n\n\n\n

Both FTX and FTX US have recently made significant investments in traditional finance. Last month, FTX Ventures, FTX's venture capital arm, invested $100 million in Dave, a mobile banking software, in exchange for FTX US collaborating with Dave for crypto payments<\/a>.<\/p>\n\n\n\n

FTX has also been in talks to invest in the Indian gaming firm Mobile Premier League, according to a Sunday report by TechCrunch, as it prepares to make another push in the Web3 industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

FTX subsidiary FTX US is investing in Investors Exchange(IEX), a national stock exchange in the United States to launch digital securities. FTX US stated on Tuesday that it has inked an agreement to make a strategic investment in IEX Group, the operator of the IEX, in order to jointly build a market structure for buying, […]<\/p>\n","protected":false},"author":12,"featured_media":23156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,21],"tags":[8673,5319,8672],"class_list":["post-23144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","category-news","tag-digital-securities","tag-ftx-us-2","tag-iex-stock-exchange"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/image-25.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=23144"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23156"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=23144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=23144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=23144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}