Bahamas-based crypto exchange FTX announced the establishment of an Australian branch on Monday Asia time as part of the company’s global expansion plans.
See related article: New crypto regulation — including tax reform — coming to Australia
Fast facts
- FTX Australia will be headquartered in the nation’s financial capital Sydney and will be fully licensed to operate within the country.
- Australian customers will be offered a list of exchange and OTC-based products and services and derivatives, according to FTX.
- FTX CEO and Founder Sam Bankman-Fried gave a virtual keynote address at the FTX-sponsored Australian Blockchain Week on Monday.
- Australian lawmakers Minister Jane Hume and Senator Andrew Bragg were also speaking at Monday’s event to announce a suite of new crypto regulations and proposals.
See related article: Australia on track for a crypto boom by 2030, EY report says