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Crypto Exchange FTX Sets Up European Unit
The new division is based in Switzerland, with an additional base in Cyprus.
Updated May 11, 2023, 5:57 p.m. Published Mar 7, 2022, 9:35 a.m.
Two years after the launch of FTX.US, cryptocurrency exchange FTX has established a European equivalent licensed in Cyprus.
- The European domain of FTX's platform (ftx.com/eu) has won approval from the Cyprus financial market regulator, CySEC, the exchange announced Monday.
- FTX Europe will offer products and services across the European Economic Area through an unidentified investment firm licensed to operate across the region.
- The division is headquartered in Switzerland, with an additional base in Cyprus.
- FTX Europe will seemingly be the crypto exchange's European equivalent of FTX.US, which was launched to American users in 2020 and now boasts an $8 billion valuation following a $400 million fundraise in January.
Read more: FTX US to Offer Stock Trading Soon
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