FTX expands to Europe with CySEC approval

FTX expands to Europe with CySEC approval

Headquartered in Switzerland, FTX Europe will offer FTX products in Europe, including crypto derivatives services. The global crypto derivatives and spot trading exchange FTX is expanding to Europe after receiving approval from the Cyprus Securities and Exchange Commission (CySEC).The new venture called FTX Europe would offer leading products of the company to the European clients via a licensed investment firm across the European economic area. The new European venture is headquartered in Switzerland along with a regional headquarters in Cyprus.Cyprus is seen as one of the reputed....


Related News

Crypto.com scores regulatory approval from Cyprus SEC

Crypto.com exchange follows in FTX's footsteps by targeting aggressive expansion in Europe after receiving CySEC approval. Singapore-based cryptocurrency exchange Crypto.com continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus.Crypto.com has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the firm announced to Cointelegraph on July 22.The approval enables Crypto.com to offer a number of products and services to customers in Cyprus in compliance with local regulations. The new....

CySEC requested FTX's European arm suspend operations prior to bankruptcy: Re...

FTX Europe was one of roughly 130 companies in FTX Group which will be a part of bankruptcy proceedings in the United States. The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for Chapter 11 bankruptcy in the United States that the regulator requested the exchange halt operations for its Europe arm.According to a Nov. 11 Reuters report, the CySEC said it had asked FTX Europe to “suspend its operations and to proceed immediately with a number of actions for the protection of the investors” on Nov. 9. It’s unclear why the financial....

Crypto.com scores fresh regulatory approval in France

The digital asset platform was focused primarily on acquisitions and sponsorship deals through the bull market but now seems to have shifted toward expansion, especially in Europe. Singapore-based digital asset platform Crypto.com scored a major regulatory approval in France. The digital asset platform was approved to register as a Digital Asset Service Provider (DASP) by the stock market regulator Autorité des marchés financiers (AMF). The approval was granted after the platform received  clearance from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator....

French Connection: Blockchain Consortium Agentic Group Expands to Europe

On a mission to demystify digital currencies and Blockchain technology, a New York-based Global Blockchain Consortium Agentic expands into Europe opening its office in Paris, France. CoinTelegraph asked Rik Willard, Founder and Managing Director of Agentic Group, why the Consortium has favored Paris, what is the climate in the Blockchain ecosystem in the country, and what are the primary goals for the new office. Supporting ideas, businesses, and innovation. The Agentic Group was established in 2015 and is a membership-driven consortium with 36 Blockchain and digital currency related....

Okcoin secures regulatory approval in Malta and the Netherlands

CEO Hong Fang said Okcoin was focused on Europe as part of the firm's global growth plans. Cryptocurrency exchange Okcoin may soon be opening its doors wider to crypto traders in Malta and the Netherlands following approval from key regulators.In a Thursday announcement, Okcoin said it had secured formal registration from the central bank in the Netherlands and secured "in principle" approval for a virtual financial assets license from the Malta Financial Services Authority. In addition, the exchange has obtained a money transmitter license for the U.S. territory of Puerto Rico. The....