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FTX Australia is an important chapter in FTX’s continued global expansion.

Cryptocurrency exchange FTX continues to expand its influence globally recently by establishing a new branch FTX Australia.

Just a few weeks ago, the world’s leading cryptocurrency exchange FTX received a license from the Cyprus Financial Market Authority (CySEC) to launch in Europe. They also recently announced the establishment of FTX Australia Pty Ltd.

Sam Bankman-Fried, CEO and Founder of FTX also posted a status line expressing his joy:

“Really excited to launch FTX: Australia!”

FTX Australia will be headquartered in Sydney, the financial hub of Australia. The company holds an Australian Financial Services License and acts as an issuer of OTC derivatives including options, futures, contracts for difference (CFDs) with digital assets/bases Cryptocurrency, and leveraged tokens.

Australia is a highly regarded financial hub in the Asia-Pacific and an important and growing market for FTX. Australians have a longstanding reputation for adopting new technologies, especially when it comes to financial services. The establishment of FTX Australia underscores FTX’s longstanding commitment to the local market and represents a natural next step in FTX’s global expansion.

Sam Bankman-Fried adds:

“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 of engagement locally through FTX Australia, and we are encouraged by the important work being undertaken to establish a new digital asset licensing regime.”

Notably, FTX also plans to expand into Africa this month, where it has tied up with the Nairobi company and announced it will be the continent’s first digital currency exchange.