TechFlow news, March 21 — Cryptocurrency exchange FTX announced the establishment of FTX Australia Pty Ltd, signaling FTX's continued global expansion. FTX Australia will be headquartered in Sydney, Australia's financial hub. The entity holds an Australian Financial Services License and operates as an issuer of over-the-counter derivatives, offering products including options, futures, contracts for difference (CFDs), underlying digital assets, and leveraged tokens.
FTX CEO and founder Sam Bankman-Fried commented: "We are excited to bring FTX's innovative products and services to the Australian market. The establishment of FTX Australia should give all our local clients confidence when trading. As we have done in other jurisdictions where we operate, we have dedicated significant resources to actively collaborate with local regulators. We aim to participate in global policy discussions and intend to maintain the same level of engagement locally through FTX Australia."
