{"id":23973,"date":"2022-03-22T16:50:50","date_gmt":"2022-03-22T14:50:50","guid":{"rendered":"https:\/\/coincheckup.com\/blog\/?p=23973"},"modified":"2022-03-22T16:52:29","modified_gmt":"2022-03-22T14:52:29","slug":"ftx-expanding-into-australia-opens-regional-business-unit-in-sydney","status":"publish","type":"post","link":"https:\/\/coincheckup.com\/blog\/ftx-expanding-into-australia-opens-regional-business-unit-in-sydney\/","title":{"rendered":"FTX Expanding into Australia, Opens Regional Business Unit in Sydney"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1281\" src=\"https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/FTX-FTT-cover.jpg\" alt=\"\" class=\"wp-image-23409\" srcset=\"https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/FTX-FTT-cover.jpg 1920w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/FTX-FTT-cover-300x200.jpg 300w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/FTX-FTT-cover-1024x683.jpg 1024w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/FTX-FTT-cover-768x512.jpg 768w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/FTX-FTT-cover-1536x1025.jpg 1536w, https:\/\/coincheckup.com\/blog\/wp-content\/uploads\/FTX-FTT-cover-900x600.jpg 900w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Key takeaways:<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>FTX crypto exchange has secured an Australian Financial Services Licence to establish its Australian subdivision<\/li><li>The Sidney-headquartered business branch will provide access to spot, derivative, and OTC products to Australian customers<\/li><li>The company has recently launched a CySEC-regulated FTX Europe<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">FTX is bringing regulated cryptocurrency trading to Australia<\/h2>\n\n\n\n<p>Leading cryptocurrency trading platform FTX continues its global expansion with a new licensed subdivision in Australia. After <a href=\"https:\/\/coincheckup.com\/blog\/ftx-is-expanding-into-europe-and-the-middle-east-via-ftx-europe\/\" target=\"_blank\" aria-label=\"launching FTX Europe (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">launching FTX Europe<\/a> to service European and Middle Eastern customers earlier this month, the exchange hopes that the Sidney-headquartered FTX Australia will help the exchange increase its market share in one of the most important financial centers in the Asia-Pacific region.<\/p>\n\n\n\n<p>According to the company\u2019s <a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-establishes-local-presence-in-australia-301506261.html\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener nofollow\" class=\"rank-math-link\">press release<\/a>, FTX Australia will provide access to the platform&#8217;s complete suite of cryptocurrency products and services, including OTC and derivatives trading. The founder and CEO of FTX, Sam Bankman-Fried, commented on the company\u2019s latest market expansion:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;We&#8217;re excited to bring FTX&#8217;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.\u201d<\/p><\/blockquote>\n\n\n\n<p>Bankman-Fried added that the exchange will continue to participate in policy discussions both locally and globally by proactively engaging with financial regulators. To this end, the newly-launched FTX Australia has secured an Australian Financial Services Licence, which permits it to offer OTC derivatives, contract trading, and leveraged financial products.<\/p>\n\n\n\n<p>In related news, on Monday, the venture arm of the FTX exchange <a href=\"https:\/\/www.globenewswire.com\/news-release\/2022\/03\/21\/2407084\/0\/en\/FTX-Ventures-invests-100-million-in-Dave-companies-form-strategic-partnership.html\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener nofollow\" class=\"rank-math-link\">announced<\/a> it is investing $100 million into mobile banking application Dave to increase the adoption of digital currencies in the United States.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button big-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/ftx.com\/#a=coincodex\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Create FTX Account<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading cryptocurrency trading platform FTX continues its global expansion with a new licensed subdivision in Australia. After launching FTX Europe to service European and Middle Eastern customers earlier this month, the exchange hopes that the Sidney-headquartered FTX Australia will help the exchange increase its market share in one of the most important financial centers in the Asia-Pacific region.<\/p>\n","protected":false},"author":40,"featured_media":23409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ast_enabled":false,"_ast_config_mode":"defaults","_ast_targets":[],"_ast_fields":[],"_ast_overwrite":"always","_ast_creation_mode":"sync","_ast_last_source_hash":"","_ast_status_it":"","_ast_status_sl":"","_ast_status_fr":"","_ast_status_id":"","_ast_status_pt":"","_ast_status_tr":"","_ast_status_ru":"","_ast_status_de":"","_ast_status_es":"","footnotes":""},"categories":[149],"tags":[491,1695,1587],"class_list":{"0":"post-23973","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cryptocurrency-news","8":"tag-ftx","9":"tag-ftx-australia","10":"tag-ftx-europe"},"lang":"en","translations":{"en":23973},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/posts\/23973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/comments?post=23973"}],"version-history":[{"count":0,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/posts\/23973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/media\/23409"}],"wp:attachment":[{"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/media?parent=23973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/categories?post=23973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coincheckup.com\/blog\/wp-json\/wp\/v2\/tags?post=23973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}