FTX heads Down Under as Australia looks to crypto industry



Bahamas-based crypto exchange FTX announced the establishment of an Australian branch on Monday Asia time as part of the company’s global expansion plans.

See related article: New crypto regulation — including tax reform — coming to Australia

Fast facts

  • FTX Australia will be headquartered in the nation’s financial capital Sydney and will be fully licensed to operate within the country.
  • Australian customers will be offered a list of exchange and OTC-based products and services and derivatives, according to FTX.
  • FTX CEO and Founder Sam Bankman-Fried gave a virtual keynote address at the FTX-sponsored Australian Blockchain Week on Monday.
  • Australian lawmakers Minister Jane Hume and Senator Andrew Bragg were also speaking at Monday’s event to announce a suite of new crypto regulations and proposals.

See related article: Australia on track for a crypto boom by 2030, EY report says



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