ICYMI: FTX crypto exchange announces push into Europe
Trading giant FTX announced on Monday it would expand its empire with a push into Europe after securing approval from financial regulators in Cyprus.
According to a press release, the company will start offering its products to European clients via a licensed investment firm with passportable licenses across the European economic area. The new entity will be headquartered in Switzerland. "As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter," said CEO and founder Sam Bankman-Fried."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.”announced in January: a $400 million Series C that valued the crypto exchange-operator at $32 billion.
FTX's US business has captured the attention of the financial press after growing its user base to 1 million and hinting at ambitions to go after household names like Robinhood with its own stock trading feature. Its marketing budget has likely played a role in that success. FTX.US owns the naming rights to the Miami Heat stadium and it is the official crypto exchange sponsor of Major League Baseball.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX crypto exchange announces push into EuropeThe company will start offering its products to European clients via a licensed investment firm.
Read more »
Crypto Exchange FTX Sets Up European UnitCrypto exchange FTX_Official has established a European division authorized by the Cyprus financial market regulator, CySEC_official. By JamieCrawleyCD
Read more »
FTX expands to Europe with CySEC approvalFTX is coming to Europe! The global crypto derivatives and spot trading exchange receives approval from the Cyprus Securities and Exchange Commission to launch a European branch of FTX_Official. (Reporting via _prashantjha)
Read more »
Terra (LUNA) Price Struggles to Hold Above $80 as FTX Lists USTICYMI: FTX adds support for Terra's $UST as $LUNA struggles to stay above $80 LUNA
Read more »
Philly flights to Europe will continue despite conflict in Ukraine | Today in Pa.Police uncover 'massive mail fraud' ring. Wolf continues push for $2,000 pandemic relief payments. Philly, Europe flights continue despite Ukrainian conflict. Man rediscovers pine tree “star.”
Read more »
US and Europe weigh plans for Ukrainian government in exileUS and European officials have been discussing how the West would support a government in exile helmed by Ukrainian President Volodymyr Zelensky should he have to flee Kyiv, Western officials told CNN
Read more »