Cryptocurrency derivatives exchange FX has officially moved its headquarters from Hong Kong to the Bahamas, according to a report from Bloomberg that cited an FTX spokesperson.
- On Monday, FTX announced that its Bahamian subsidiary, FTX Digital Markets, had been granted regulatory approval in the Bahamas as a digital assets business, and named Ryan Salame to lead the unit.
- Regulators around the world have been increasing their focus on cryptocurrencies lately, with the latest instance being China’s central bank declaring all virtual currency-related activities illegal.
- ”We are committed to maintaining a close working relationship with local regulators to help promote the growth of crypto and we are further committing to providing all our clients with a safe, trustworthy and compliant exchange,” FTX spokeswoman Natalie Tien told Bloomberg in an email.
