FTX Trading Limited (FTX), a prominent global cryptocurrency exchange, has announced the launch of FTX Europe, a significant step in the company’s global expansion efforts, with a focus on Europe and the Middle East. FTX Europe has received approval from the Cyprus Financial Market Regulator CySEC and will operate through the domain ftx.com/eu.
FTX Europe aims to offer FTX’s comprehensive range of products and services to clients in Europe by collaborating with a licensed investment firm with passportable licenses across the European Economic Area. This expansion enables users in these regions to access various cryptocurrency products backed by FTX’s cutting-edge trading technology and digital asset offerings.
Sam Bankman-Fried, CEO & Founder of FTX, expressed his excitement about the launch, emphasizing the importance of regulatory compliance in the company’s growth strategy. He stated that FTX will work closely with regulators across Europe to provide a secure environment for crypto trading.
Currently headquartered in Switzerland, FTX Europe also maintains a regional headquarters in Cyprus. The company is committed to establishing strong relationships with regulatory authorities to ensure compliance.
Patrick Gruhn, Head of FTX Europe, highlighted the significance of bringing FTX’s innovative offerings to the European markets and praised the official approval of their domain by CySEC. European users can now utilize FTX’s top-tier trading platform to invest in a wide range of cryptocurrency derivatives through a regulated investment firm.
Cyprus, known for its reputation in the investment sector, allows regulated firms to access the entire European Economic Area, expanding its services to EU member states and three additional countries. FTX’s approval by Cyprus CySEC to provide derivative services to European users sets a new benchmark for cryptocurrency exchanges in Europe, emphasizing regulatory compliance and consumer protection.