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Coinbase-IEX Launching New Crypto Exchange?

Crypto News: Coinbase, US largest crypto exchange and Brad Katsuyama’s IEX Exchange Board are reportedly in talks to create a federally regulated digital asset exchange. Coinbase’s this move has landed amid the recently increased crypto related scrutiny by the US SEC.

Coinbase To Launch Regulated Exchange

Charles Gasparino, Fox Business journalist revealed Coinbase and IEX planning came keeping in sight the horrible FTX collapse. He added that Brad and Sam Bankman-Fried (SBF) earlier had a meeting with the US SEC Chair, Gary Gensler in order to gain approval.

The meetings with the US SEC chair happened around the time when SBF’s FTX went on to file for bankruptcy back in November. However, the financial watchdogs have called out the FTX case as one of the biggest crypto industry frauds.

Coingape reported that SBF is dodging appearing in the Voyager Digital bankruptcy case.

As per reports, IEX stated that they will continue to consider ways to provide a regulatory path for digital asset securities. This move includes conversations with regulators and other market participants. Meanwhile, they have not formed an agreement on any specific proposal which includes the third parties. Read More Crypto News Here…

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However, Coinbase hasn’t commented on the matter. As per reports, the crypto exchange reported higher than expected fourth quarter revenues of $605 million amid the crypto winter.