Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-03-07 10:38:24

FTX Crypto Exchange Establishes Presence in Europe

US-based cryptocurrency exchange FTX continues its global expansion by extending its presence into Europe after securing approval from the Cyprus Financial Market Regulator CySEC. In addition to Europe, the company has also announced expansion into the Middle East. FTX Continues Global Expansion According to a press release published today, FTX will start offering its products to European clients via a licensed investment firm with ‘passportable licenses across the European Economic Area. Users in the European Economic Area will be able to access FTX’s innovative products, including industry-leading derivatives, options, and volatility products, tokenized stocks, and other services and products. The new entity will be headquartered in Switzerland with an additional regional headquarter in Cyprus, a reputed jurisdiction for Investment Firms, and provides regulated Firms access to the entire European Economic Area. Additionally, the company has also vowed on towards developing a strong working relationship with the appropriate regulatory authorities. “As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter. 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,” FTX Chief Executive Officer Sam Bankman-Fried said in the statement.The post FTX Crypto Ex...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.