FTX launched its foundation in Europe.
FTX Trading Limited, the world’s leading cryptocurrency exchange, today announced the formation of FTX Europe, expanding its presence in Europe.
According to the press release, FTX Europe is currently headquartered in Switzerland with a regional headquarters in Cyprus. In addition, the company is allocating significant resources to building strong working relationships with the relevant regulatory authorities.
FTX announced the establishment of “FTXEurope” to expand its business to Europe and the Middle East. It has been licensed by the Cyprus Securities and Exchange Commission (CySEC) and has its headquarters in Switzerland. Products include derivatives, options, volatility products, tokenized stocks, and other services.
FTX Europe will begin offering FTX’s products and services to European clients through a licensed investment firm with passport-able licenses across the European economic area. Clients in these regions will be able to trade a wide range of crypto products based on FTX’s digital assets offerings.