What is FTX Europe?

FTX Europe will now start offering FTX's leading products and services to European clients via a licensed investment firm with passportable licenses across the European economic area. Users in these regions will be able to trade a variety of cryptocurrency products powered by FTX's industry-leading trading technology and digital asset offerings.

How much did FTX Europe buy back?

Under a proposed settlement, the two main targets of the lawsuit—FTX Europe co-founders Patrick Gruhn and Robin Matzke—agreed to buy back the unit’s assets for $32.7 million. Copyright © 2024 Dow Jones & Company, Inc.

Is FTX regulated?

Sam Bankman-Fried, CEO & Founder of FTX, commented on the news, "We're excited to launch our European operations in a regulated fashion to better serve those within the continent. As we continue to grow, we are constantly looking at opportunities to become appropriately licensed and regulated in every market we enter.

Does FTX EU have a withdrawal website?

FTX EU has opened a withdrawal website to allow Europe and Middle Eastern users to withdraw their funds from FTX, nearly five months after the firm filed for bankruptcy in November.