FTX Establishes "FTX Europe": Provides Crypto Derivatives Trading Services for European Users
FTX, the world's leading cryptocurrency exchange, today announced the establishment of "FTX Europe", marking the next phase of FTX's global expansion, extending its business to Europe and the Middle East."FTX Europe" (ftx.com/eu) has obtained the regulatory license of the Cyprus Securities and Exchange Commission (CySEC), and provides FTX's industry-leading encrypted asset trading services to European users through investment institutions licensed in the European Economic Area.
Cyprus is a reputable jurisdiction for all types of investment institutions. Following Cyprus' accession to the EU, the Cyprus Securities and Exchange Commission (CySEC) became an EU Markets in Financial Instruments Directive (MiFID) compliant regulator, offering locally registered companies access to the entire EEA (including the EU & Iceland, Liechtenstein and Norway). Over the years, the number of companies registered in Cyprus has continued to increase, the regulatory framework has become more and more perfect, coupled with the clear regulation, being regulated by the Cyprus Securities and Exchange Commission (CySEC) is now regarded as an important indicator of investment security. This time, Cyprus approved "FTX Europe" (ftx.com/eu) to provide encrypted derivatives trading services for European users, and also set a new industry standard for other European cryptocurrency exchanges.
FTX CEO and founder SBF said:
FTX is pleased to be able to conduct European business in a regulated manner to better serve European users. As FTX continues to grow, we continue to work hard to obtain proper licensing and regulation in each market we enter. We will maintain close communication with regulatory agencies in European countries, and continue to provide users with a safe and reliable encryption investment environment.
Currently "FTX Europe" has its headquarters in Switzerland and a regional headquarters in Cyprus. In addition, the company will devote significant resources to developing strong working relationships with relevant regulators in terms of regulatory compliance.
Patrick Gruhn, head of FTX Europe, concluded:
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About "FTX Europe"
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