FTX Australia Is Now Open for Trading

FTX continues to expand across the globe. Its operations are now available in the Australian market. The exchange platform offers its internationally acclaimed products and services only after receiving all the required approvals and licenses from the local authorities.

The platform has registered and licensed its Australian operations under FTX Australia Pty Ltd. FTX has been granted legal trading status by an Australian Financial Services License. FTX will now be able to offer its industry-leading products and services to the traders who are based in Australia.

Background

FTX.com is the parent company that is headquartered in the Bahamas. It is a crypto exchange platform that functions efficiently for traders as it has been built by those who themselves trade regularly. The team behind FTX aims to develop a robust platform that can be used by professional trading firms.

A list of its product offerings includes options, industry-first derivatives, leveraged tokens, and volatility products. FTX is currently unavailable to the residents of the United States of America and every other country where jurisdictions prohibit the platform from operating.

FTX Australia is an extended arm of FTX.com. FTX established FTX Australia as the country is known to be the financial center of the region. FTX Australia is headquartered in Sydney and holds an Australian Financial Services License.

FTX Australia acts as an issuer of OTC derivatives. This includes futures contracts, options contracts, contracts for difference along with leveraged tokens, and crypto-assets.

FTX, Now In Australia

Standing by its commitment to expanding operations in various nations, FTX has now successfully registered itself in Australia. This means that traders who are based in Australia will now be able to engage in efficient and convenient trading practices on FTX Australia.

FTX Australia Pty Ltd will offer industry-leading OTC-based products & services and derivatives. This will be complemented by the inclusion of a comprehensive suite of exchanges.

The new presence of FTX in Australia has marked a very important milestone in its attempt at global expansion. It is expected to increase positive opinions and FTX exchange reviews which make trading accessible and comprehensible for everyone.

Australia was chosen by the team behind FTX because traders in the country have a reputation for quickly adapting to new financial technology. The same happens to stand true for every kind of technology. 

FTX establishing its operations in Australia highlights its long-term commitment to the local market while also representing a natural step in its global expansion.

The fact that Australia is regarded as the financial center in the Asia-Pacific region gives FTX one more reason to be happy about the expansion.

Sam Bankman-Fried, the Chief Executive Officer & Founder of FTX, expressed the excitement of the expansion by saying that FTX Australia should now be able to provide its local clients the confidence of trading on a platform that has been duly registered and licensed.