Cryptocurrency service providers are spreading their wings, as they aim to attract more users on their respective platforms. With the increasing popularity of crypto, these service providers have a keen role to play for the community. Lately, cryptocurrency exchanges like FTX are gaining more traction among the user sectors. This is why they are expanding their network to ensure their presence all around the world.
FTX is counted among the leading global cryptocurrency exchanges. The company has announced the formation of FTX Europe. The exchange is expanding its reach to the European consumers. The new platform will cover the regions of Europe and Middle East. Therefore, the crypto consumers could easily use the platform for their crypto-related services.
FTX Europe to mark new beginnings
The popular cryptocurrency exchange has also received approval from the Cyprus Financial Market Regulator CySEC through the domain of ftx.com/eu. This move marks the entrance of FTX is a region with an extensive crypto community.
The exchange will offer several products and services to the European crypto community and clients. Users will be enabled to trade and conduct other crypto-related activities through the platform. FTX’s latest leading technology and digital asset offering will offer more accessibility and ease-of-use to its consumers.
The headquarter of FTX Europe is located in Switzerland. An additional headquarter is situated in Cyprus. The company is aiming to build a strong relationship with the local European regulatory authorities. Cyprus is renowned for attracting investment firms and enabling them to access the European markets. This is a major reason for having a headquarter there.
The Founder and CEO of FTX, Sam Bankman-Fried said that “We are excited to launch our European operations in a regulated fashion to better serve those within the continent. We will be interacting with regulators in various countries across Europe to continue to provide a safe and secure environment for people to trade crypto.”
Moreover, the Head of FTX Europe, Patrick Gruhn said that
“Europeans will now be able to use FTX’s best-in-class trading platform to invest in a wide range of cryptocurrencies derivatives through a regulated investment firm.”
The users of FTX Europe will be able to access a range of digital products, derivatives, tokenized stocks, and options and volatility products through the platform. Therefore, the platform could prove to be a breakthrough for the crypto community in Europe and the Middle East.
