FTX Crypto Exchange Announces Major Expansion into European Market

FTX, a major cryptocurrency exchange, announced on Monday it is launching a new European affiliate- FTX Europe, as part of efforts to establish its business in the continent.

The exchange made such an announcement after securing approval from Cyprus’ financial regulator CySec. Following the approval, FTX Europe will start serving users across Europe.
FTX Europe is the second affiliate of the FTX crypto exchange. In May 2019, the exchange launched its American affiliate, FTX US.
FTX said that it would begin offering its products to European customers through a licensed investment company with accreditable licenses across the European economic area. The …
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