Crypto Exchange FTX Sets Up European Unit

Crypto Exchange FTX Sets Up European Unit
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Crypto Exchange FTX Sets Up European Unit

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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