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Coinbase in Talks To Create a Federally Regulated Crypto Exchange

Amid the heightened regulatory scrutiny over the cryptocurrency sector following the implosion of FTX and the resulting wide-reaching market collapse, Coinbase and IEX are reportedly considering teaming up to address the underlying problem and create a regulated crypto trading platform. 

Indeed, the leadership of the publicly traded crypto exchange and the stock exchange have entered talks to establish a federally approved digital asset marketplace, according to the sources with direct knowledge of the matter, Fox Business reported on February 21.

Specifically, IEX’s chairman Brad Katsuyama previously met with officials from the United States Securities and Exchange Commission (SEC), including its boss Gary Gensler, to discuss the foundation of the first crypto exchange that would have his unambiguous approval.

(By Ana Nicenko)

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