- The global crypto derivative FTX extends its exchange services in Europe.
- FTX receives the legal license from the CySEC Authorities.
- The new venture is named as “FTX Europe” serving the European clients.
FTX is a Bahamian spot trading cryptocurrency exchange which also serves as a global crypto derivatives, built by traders, for traders. Interestingly, the global crypto exchange holds over one million users. Along with an average daily trading volume of over $10 billion even today.
Thus, on a scale of expanding its market presence and services to new regions, FTX exchange has built a new venture in Europe naming, “FTX Europe”. Moreover, being in the process of extending the scope of service, two years after the launch of FTX.US, FTX Europe is built to serve the European citizens.
Significantly, FTX is aiming to serve its clients legally, receiving the proper approval from the Cyprus Securities and Exchange Commission (CySEC). Thereby releasing the European domain of FTX’s exchange as “ftx.com/eu” after winning the license from the Cyprus financial regulators.
New Launch of FTX Europe
However, after the prior approval, FTX exchange takes over the pride to extend its products and services of the reputed company to the European users. More so, the clients are lucky to experience trustable and secure services through authorized investment firm across the European Economic Area.
In addition, the new division of the exchange has its main headquarter in Switzerland along with the regional base in Cyprus. To be more informative, Cyprus is one of the reputed jurisdictions which maintains a regulated form of investment firms. And Cyprus covers and holds access for most of the European economic areas. So, receiving an approval from such regulated securities will raise the scope and future benefit for FTX exchange in Europe.
Moreover, the CEO of FTX, Sam Bankman Fried shares,
“The launch of FTX Europe will be a key factor for expanding our services in the region. And coordinating with superior regulators in different countries across Europe will continue to operate as a safe and a secure trading platform for the users.”
