FTX Trading forms Europe subsidiary in global expansion

Cryptocurrency exchange FTX Trading is expanding into Europe and the Middle East with the formation of FTX Europe, furthering its global expansion plans. FTX Europe will start offering itss products and services to European clients through a licensed investment firm with passportable licenses across the European economic area. Users in the regions will be able to trade a range of crypto products powered by FTX's trading technology and digital asset offerings, the company said. "As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter," said FTX CEO and founder Sam Bankman-Fried. "We'll be interacting with regulators in various countries across Europe to continue to provide a safe and secure environment for people to trade crypto." The unit's headquarters is currently in Switzerland with an additional regional headquarters in Cyprus. Last month, FTX agreed to acquire Liquid to help fuel its