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FTX Establishes Local Presence in Australia
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.
Industry leading products and services to be offered by the Company will include a comprehensive suite of exchange and OTC based products and services, as well as derivatives.
Sam Bankman-Fried, CEO & Founder of FTX, commented on the news, “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.”
Australia is a well-regarded financial centre in the Asia-Pacific and an important and growing market for FTX. Australians have a long reputation of 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 the FTX’s global expansion.
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