Global cryptocurrency exchange FTX has established a local presence in Australia with the launch of FTX Australia.
FTX describes itself as being built by traders, for traders. It offers products including industry-leading derivatives, options and volatility products, tokenised stocks, prediction markets, leveraged tokens and an OTC desk.
Australia is a well-regarded financial centre in the Asia-Pacific and an important and growing market, FTX said. The company said Australians have a long reputation of adopting new technologies, particularly when it comes to financial services.
Sam Bankman-Fried, CEO and 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. 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.”
The company will be headquartered in Sydney.
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