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The company said FTX Europe will offer the parent’s products and services to European Union clients via a partnership with a “licensed investment firm” it didn’t name. FTX Europe will be headquartered in Switzerland, with approval to operate from the Cypriot financial regulator CySEC.
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“As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter,” FTX Chief Executive Officer Sam Bankman-Fried said in the statement. “We’ll be interacting with regulators in various countries across Europe to continue to provide a safe and secure environment for people to trade crypto.”
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