FTX Unveils Australian Branch: On Track for Global Expansion

Major cryptocurrency exchange FTX has formally set up shop in Australia following its acquisition of a major financial license in the country, signaling a significant step in its ongoing global expansion strategy. This move solidifies FTX\'s presence in the Asia-Pacific region and opens new opportunities for Australian investors.

FTX\'s offering in Australia will include a FTX Trading Limited (“FTX”) the leading global cryptocurrency exchange, today announced the establishment of FTX Australia Pty Ltd (“FTX Australia” or “the" – a dedicated platform for Australian users.

The new branch obtained an Australian Financial Services Licence by acquiring an unnamed company that previously held the license, FTX CEO Sam Bankman-Fried confirmed. This strategic acquisition allows FTX to immediately offer regulated services within the Australian market.

The cryptocurrency exchange – FTX – has established an Australian branch called FTX Australia Pty Ltd. The Aussie arm of the trading venue will offer OTC digital asset trading services, providing a comprehensive suite of cryptocurrency solutions for both retail and institutional clients.

Cryptocurrency exchange FTX has continued its recent global expansion streak by establishing a new division in Australia. FTX Australia will offer exchange and over-the-counter (OTC) services, further broadening its reach and solidifying its position as a leading global player in the digital asset space.