IEX Seeks New Crypto Path After FTX Unraveling Undoes Its Partnership
- Exchange operator ceases contact with former partner FTX
- Still hopes to get into the digital-asset trading space
Employees work at the IEX Group Inc. office in New York.
Photographer: Chris Goodney/Bloomberg
This article is for subscribers only.
IEX Group Inc., owner of the stock exchange made famous by “Flash Boys,” is looking for a new crypto partner after FTX’s crash ended a collaboration the pair started earlier this year.
IEX has cut its ties with FTX, the digital-asset firm which spiraled into bankruptcy last week, according to people familiar with the situation. In April, FTX US acquired a stake in IEX as part of an effort to expand access to digital assets for retail and institutional investors. That stake represented less than 20% of the company, the people said.