"FTX Europe" established with regulatory approval from Cyprus, offering cryptocurrency derivatives services to European users.

FTX announced the establishment of FTX Europe, expanding its footprint to Europe and the Middle East.

FTX has announced the establishment of FTX Europe, expanding its presence to the European and Middle Eastern regions.

On July 7th, FTX announced the establishment of "FTX Europe," expanding its business footprint to Europe and the Middle East. FTX Europe has obtained regulatory approval from the Cyprus Securities and Exchange Commission (CySEC). Through licensed investment institutions in the Eurozone, FTX Europe has begun offering cryptocurrency derivative services to European users.

After Cyprus joined the European Union, the Cyprus Securities and Exchange Commission (CySEC) became an institution compliant with the European MiFID, allowing companies registered in Cyprus to access all European markets. Over the years, the number of companies registered with CySEC has continued to increase, the regulatory framework has become more sophisticated, and with clear regulatory controls, it is now seen as an indicator of investment security.

Sam Bankman-Fried, founder and CEO of FTX, stated that FTX Europe symbolizes FTX's continuous global expansion. FTX will continue to engage with regulatory authorities in European countries to provide a safer and more reliable cryptocurrency investment environment for European users. He said, "As FTX continues to grow, we have been expanding our business into new markets through compliance. We are pleased to enter the European market in a regulated manner, develop our crypto business, and provide better services to European users. In the future, we will continue to engage with regulatory authorities in European countries to provide a safer and more reliable cryptocurrency investment environment for European users."

FTX Europe has already established its headquarters in Switzerland and a Cyprus regional headquarters. The company stated that FTX Europe will invest heavily in regulatory compliance and continue to engage with regulatory authorities.

Patrick Gruhn, head of FTX Europe, stated, "We are excited to introduce FTX's innovative services to the European market! Through regulated investment institutions, European users can now start using the FTX trading platform to invest in various cryptocurrency derivatives in a regulated manner."