BZ Bites: FTX Expands Exchange to Europe

FTX has announced that it plans to establish FTX Europe.

The development comes as the company plans to build a global liquidity center. In a December conversation with Benzinga, Sam Bankman-Fried said FTX is committed to solving traditional frustrations with compliance and infrastructure at other cryptocurrency exchanges.

Now, with the addition of this new subsidiary, customers in Europe can participate in the booming cryptocurrency economy.

“We are delighted to launch our European business in a regulated manner to better serve those within the continent,” said Bankman-Fried. “As we continue to grow, we are constantly looking for opportunities to be properly licensed and regulated in every market we enter. We will work with regulators in several countries in Europe to continue to provide a safe environment for people to trade crypto.”

FTX Europe’s headquarters will be located in Switzerland with an additional regional headquarters in Cyprus.

Click here to read about FTX CEO Sam Bankman-Fried talks about regulation, tokenization and building ‘a global liquidity location’.

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