Coinbase, IEX Exploring Plans for Crypto Trading Platform: Report

IEX, chaired by Brad Katsuyama of “Flash Boys,” reportedly wants to take another run at launching a federally regulated digital assets exchange — with none other than Coinbase

article-image / rarrarorro modified by Blockworks


Coinbase is reportedly in talks with the New-York based Investor Exchange (IEX) to build out a federally approved digital assets marketplace.

Chaired by veteran trader Brad Katsuyama, IEX is said to be hoping to take a second run at launching the exchange after its initial partner, former FTX CEO Sam Bankman-Fried, was indicted.

A spokesperson for IEX told Fox Business Tuesday that while the exchange had not “finalized any specific proposal that includes any third parties” it was aiming to create a regulatory pathway for digital asset securities.

Katsuyama did not immediately reply to Blockworks’ request for comment.

The hope is said to be to create an exchange with regulatory approval, including from the likes of the SEC — whose chair, Gary Gensler, has been accused of pursuing crypto regulation by enforcement

Last week, Terraform Labs and its CEO Do Kwon were charged by the SEC for purportedly organizing fraudulent practices involving digital asset securities. Crypto exchange Kraken, too, was slapped with two charges relating to its staking products and agreed to settle for $30 million the week before.

According to Gensler’s public calendar, the regulator met with Katsuyama on August 16 and again in November right around the time of FTX’s demise, per Fox Business.

Katsuyama reportedly persisted in discussions with the SEC for an authorized exchange even after the FTX fiasco.

Shares of US publicly-listed Coinbase were volatile in after-hours trading on Tuesday after posting fourth-quarter revenue that beat analysts’ expectations. Coinbase garnered $322 million in transaction-based revenue over the period.

IEX and Coinbase did not immediately reply to Blockworks’ requests for comment. 

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png


Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.



Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space


Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?


Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month


It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet


Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend


Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million