FTX US, a leading platform for the trading of digital assets, today announced that the company has entered into an agreement to make a strategic investment in IEX Group. Both companies are planning to establish a simple and transparent market structure for digital asset securities.
The mentioned deal, which is subject to closing conditions and regulatory approvals, is expected to close next month. The partnership between the two companies will assist retail and institutional investors to access digital assets in an inclusive way.
The latest investment news from FTX US came nearly 2 months after the digital asset trading platform raised $400 million in its Series A funding round. The company also topped the valuation of $8 billion.
Commenting on the recent investment in IEX, Sam Bankman-Fried, CEO of FTX and FTX US, said: “Investing in IEX created a tremendous opportunity for FTX US. With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets. We will collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.”
Crypto Assets
Digital currencies have gained immense popularity among retail and institutional investors during the past few years. Brad Katsuyama, CEO and co-founder of IEX, said that the crypto industry needs to engage with regulators to unlock its full potential.
“From the first conversation with Sam, it was clear to me that FTX and IEX were truly aligned on the future potential for digital assets and the unique roles our firms could play as partners in shaping market structure that benefits the end investor. We both see the regulators as important allies in providing a clear path forward and attaining the highest possible standards for investor protection,” Katsuyama said in the press release.
FTX US, a leading platform for the trading of digital assets, today announced that the company has entered into an agreement to make a strategic investment in IEX Group. Both companies are planning to establish a simple and transparent market structure for digital asset securities.
The mentioned deal, which is subject to closing conditions and regulatory approvals, is expected to close next month. The partnership between the two companies will assist retail and institutional investors to access digital assets in an inclusive way.
The latest investment news from FTX US came nearly 2 months after the digital asset trading platform raised $400 million in its Series A funding round. The company also topped the valuation of $8 billion.
Commenting on the recent investment in IEX, Sam Bankman-Fried, CEO of FTX and FTX US, said: “Investing in IEX created a tremendous opportunity for FTX US. With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets. We will collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.”
Crypto Assets
Digital currencies have gained immense popularity among retail and institutional investors during the past few years. Brad Katsuyama, CEO and co-founder of IEX, said that the crypto industry needs to engage with regulators to unlock its full potential.
“From the first conversation with Sam, it was clear to me that FTX and IEX were truly aligned on the future potential for digital assets and the unique roles our firms could play as partners in shaping market structure that benefits the end investor. We both see the regulators as important allies in providing a clear path forward and attaining the highest possible standards for investor protection,” Katsuyama said in the press release.
Source: https://www.financemagnates.com/cryptocurrency/news/ftx-us-makes-strategic-investment-in-iex-group/