• FTX, a cryptocurrency exchange, has established a European unit

  • FTX has launched a European equivalent licensed in Cyprus, two years after the debut of FTX.US.

    • The European domain of FTX’s platform (ftx.com/eu) has been approved by CySEC, the Cyprus financial market regulator, according to an announcement made by the exchange on Monday.
    • Through an unidentified investment firm licensed to operate in the European Economic Area, FTX Europe will offer products and services throughout the European Economic Area.
    • The division is based in Switzerland, with a secondary location in Cyprus.
    • FTX Europe appears to be the European equivalent of FTX.US, which was opened to American consumers in 2020 and now has a $8 billion valuation thanks to a $400 million financing in January.
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