Economy

FTX Establishes local presence in Australia

FTX launches fully registered and licensed Australian operations

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

“We’re excited to bring FTX’s innovative products and services to the Australian marketplace. The establishment of FTX Australia should provide all our local clients with the confidence of trading on a registered and licensed platform. As in other jurisdictions within which we operate, significant resources have been allocated to proactively engage with local regulators. We look to be a participant in policy discussions globally and will seek to continue this same level engagement locally through FTX Australia, and we are encouraged by the important work being undertaken to establish a new digital asset licensing regime.”

Sam Bankman-Fried, CEO & Founder of FTX,

Australia is a well-regarded financial center in the Asia-Pacific and an important and growing market for FTX. Australians have a long reputation for adopting new technologies, particularly when it comes to financial services. The establishment of FTX Australia highlights FTX’s long-term commitment to the local market and represents the natural next step in FTX’s global expansion.

About FTX Australia

FTX Australia will be headquartered in Sydney, the financial center of Australia. The Company holds an Australian Financial Services Licence and acts as the issuer of the OTC derivatives, including options contracts, futures contracts, contracts for difference (CFDs) with the underlying digital/crypto assets, and leveraged tokens.

About FTX.COM

FTX is a cryptocurrency exchange built by traders for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk. FTX strives to be an intuitive yet powerful platform for all kinds of users and to be the most innovative exchange in the industry.

This article was shared with Prittle Prattle News as a Press Release.
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