Crypto Exchange FTX Sets Up European Unit

The new division is based in Switzerland, with an additional base in Cyprus.

By Jamie Crawley

Mar 7, 2022 at 9:35 a.m. UTC

Updated Mar 7, 2022 at 5:11 p.m. UTC

FTX CEO Sam Bankman-Fried (CoinDesk TV screenshot)

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

Two years after the launch of FTX.US, cryptocurrency exchange FTX has established a European equivalent licensed in Cyprus.

The European domain of FTX's platform (ftx.com/eu) has won approval from the Cyprus financial market regulator, CySEC, the exchange announced Monday.
FTX Europe will offer products and services across the European Economic Area through an unidentified investment firm licensed to operate across the region.
The division is headquartered in Switzerland, with an additional base in Cyprus.
FTX Europe will seemingly be the crypto exchange's European equivalent of FTX.US, which was launched to American users in 2020 and now boasts an $8 billion valuation following a $400 million fundraise in January.

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