With a valuation of $40 billion, FTX is one of the world’s leading crypto exchanges. FTX took over Swiss-based Digital Assets AG to launch FTX Europe. Patrick Gruhn, a lawyer active in Switzerland and founder of Digital Assets was appointed Head of FTX Europe.
Following the acquisition of Digital Assets AG, FTX Europe is now headquartered in Switzerland, with an additional regional headquarter in Cyprus. The Company has secured the approval from the Cyprus Financial Market Regulator CySEC through its ftx.com/eu domain.
FTX Europe will 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.
Patrick Gruhn, Head of FTX Europe, said, "We're excited to bring FTX's innovative offerings to the European markets and that CySEC officially approved our domain. Europeans will now be able to use FTX's best-in-class trading platform to invest in a wide range of cryptocurrencies derivatives thru a regulated investment firm."
Patrick Gruhn was a Partner of K&G Lawyers, later renamed to Crypto Lawyers, a Swiss firm specialized in digital asset. He was also a Co-Funder of Digital Assets.AG, the company that made tokenized stocks available with an approved Security Prospectus, which has now become FTX Europe AG.
(Press release / SK)
Picture: Buffaloboy / Fotolia
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