ICYMI: FTX backs “Flash Boys” exchange IEX in undisclosed investment as firm plots crypto journey
Sam Bankman Fried’s FTX.US will make a strategic investment in IEX.
The firms did not disclose terms, but the transaction is subject to regulatory approvals under the so-called HSR Act, which suggests that it is larger than $100 million. "A mutual investor of IEX and FTX put us together," IEX CEO Brad Katsuyama told The Block."Sam and I met last year and we saw eye to eye on how important it is to help get regulation right. We decided we wanted to work together and find a way to make that happen and develop a clear market structure."
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