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FTX Enters European Market, Establishes FTX Europe Headquarters in Switzerland

FTX Enters European Market, Establishes FTX Europe Headquarters in Switzerland

One of the largest crypto exchanges in the world has finally made its global expansion move by deploying in Europe.

Following the approval by the Cyprus Securities and Exchange Commission (CySEC), FTX will be able to offer all of its products and services to European citizens and work with regulators to operate within certain countries.

With headquarters in Switzerland and a regional HQ in Cyprus where financial firms have to meet strict regulatory norms, FTX Europe will be able to give crypto derivative services across the region.

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Based on the official report, the CEO of FTX Sam Bankman-Fried spoke on the expansion in the European market, stating: 

"We're excited to launch our European operations in a regulated fashion to better serve those within the continent. As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter. 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."

Likewise, the Head of FTX Europe Patrick Gruhn talked on the matter, highlighting the importance of the CySEC welcoming FTX to become the "best-in-class trading platform to invest in a wide range of cryptocurrencies derivatives through a regulated firm."

Earlier in January, the President of FTX US Brett Harrison hinted at the company’s expansion into other continents after being valued at $8 billion.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



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