FTX US and IEX to launch platform for trading digital securities

FTX US and the operator of the IEX stock exchange have signed an agreement to create a platform for trading digital securities, according to a press release.

If regulators approve, the deal will close in May.

“Together with IEX we will be in dialogue with regulators and will ensure seamless access to the regulated platform for institutions and retail investors around the world,” said FTX chief Sam Bankman-Fried.

IEX was initially launched in 2013 as ATS. Three years later it gained the status of a regulated stock exchange. The organisation was the first to introduce investor-protection features such as Speed Bump and Signal. Also in its product line is IEX Cloud – API service for requesting data on US and Canadian stocks.

“FTX and IEX share the view of the high potential of digital assets and are ready to play an important role in the development of a regulated platform with a high degree of investor protection,” said Brad Katsuyama, co-founder and CEO of IEX.

As reported in January, Bloomberg reported about plans for FTX to give clients access to the stock market.

Earlier, FTX US acquired a regulated exchange focused on cryptocurrency derivatives, LedgerX.

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