American cryptocurrency exchange FTX.US is planning a strategic investment in the IEX stock exchange to create a platform for trading digital asset securities.
The American exchange IEX announced that it is waiting for FTX investments. The FTX representative clarifies that it is not yet clear what form the cooperation will take, as everything will depend on the requirements of the regulators. In the near future, companies are going to resolve this issue, since institutional investors need a licensed platform.
According to an FTX spokesperson, IEX has a track record of driving innovation in the regulated industry. An example is the IEX Speed Bump technology, which gives the platform additional time to check with the current quotes on other platforms before the data gets to the IEX exchange.
According to the representatives of the companies, they have the same view on the future of the cryptocurrency industry and the structure of the market. Both companies promise to work closely with regulators.
The general press release states that investors can also express their opinion on cooperation. The companies plan to come up with an initiative in which investors will be able not only to speak out, but also to participate in the future development of the new site.
FTX plans to further expand its footprint in the US markets as the company wants to keep up with other so-called high-frequency trading platforms such as Citadel and Tower Research.
Earlier, Citadel founder and CEO Kenneth Griffin said that his company plans to start working with cryptocurrencies. Griffin used to be a cryptocurrency skeptic but has recently changed his mind.
