FTX Sets Up New Office in Australia

Leading cryptocurrency exchange FTX has set up a new office in Australia amid an important part of their strategy to expand worldwide, according to an official press release. The new branch will have its head office in the country’s financial capital, Sydney, Australia and has been issued a license to provide financial services such as options contracts, futures contracts, leveraged tokens, contract for difference (CFDs) based on crypto/digital assets, and other OTC products. Commenting on the development, Sam Bankman-Fried, CEO & Founder of FTX, said: “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.” Really excited to launch FTX: Australia!https://t.co/ZcBNEuyiG9https://t.co/jGumMSXMW3 https://t.co/rABSI5Y81O — SBF (@SBF_FTX) March 20, 2022 Australian Senator Push for Crypto Regulation While Australians were already able to access the international version of FTX, the recently established office was licensed and regulated in the country including obtaining an Australian Financial Services Licence (AFSL) via an acquisition. Earlier today, Australian Senator Andrew Bragg inaugurated the Australia Blockchain W...