FTX Trading Limited (“FTX”) the leading global cryptocurrency exchange, today announced the establishment of FTX Australia Pty Ltd (“FTX Australia” or “the Company”), marking an essential chapter in FTX’s continued global expansion.

A comprehensive range of OTC- and exchange-based products and service will be provided by the company.

Sam Bankman-Fried, CEO & Founder of FTX, commented on the news,

We are excited to introduce FTX’s new products and services into the Australian market. FTX Australian should give our clients confidence in trading on a licensed, registered platform. We have invested significant resources to engage in proactive dialogue with regulators, just as we did in other countries. As a global participant in policy discussions, we will continue to engage with local regulators through FTX Australia. We are also encouraged by the significant work underway to create a digital asset licensing system.
Australia is a highly regarded Asian financial center and FTX’s fastest growing market. Australians have a history of using new technologies in financial services. The establishment of FTX Australia highlights FTX’s long-term commitment to the local market and represents the natural next step in the FTX’s global expansion.

EMAIL NEWSLETTER

Get the other side of crypto!

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin