FTX, the world’s seventh-largest exchange, has announced plans to launch a new European affiliate: FTX Europe.
⠀
In a press release on Monday, the company revealed FTX Europe will offer clients in the European Economic Area and the Middle East access to derivatives, options, volatility products, and much more.
⠀
The new European venture is headquartered in Switzerland along with a regional headquarters in Cyprus, where it received approval for the platform from financial market regulator CySEC.
⠀
“As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter," said Sam Bankman-Fried, FTX's founder and CEO, said in a statement. "We'll be interacting with regulators in various countries across Europe to continue to provide a safe and secure environment for people to trade crypto."
⠀
This comes just a week after FTX launched its $1 billion fund called the FTX Future Fund with the goal to support "ambitious projects in order to improve humanity's long-term prospects."
⠀
For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.