FTX Wins Full Dubai Approval – Bitcoin Magazine

  • FTX exchange received approval to operate exchange and clearinghouse services in Dubai.
  • The company will build a regional headquarters in the city.
  • A subsidiary of FTX operating in Europe and the Middle East will facilitate product offerings in the region.

FTX, a cryptocurrency exchange based in the Bahamas, has received approval to operate as an exchange and clearinghouse in Dubai, according to a report by Reuters.

The exchange will begin offering services exclusively to institutional investors in Dubai through operating a digital asset marketplace, custodial services and facilitating trading services for bitcoin and other cryptocurrencies. It will also offer access to derivatives.