FTX Moves Headquarters From Hong Kong to Bahamas: Report

FTX Moves Headquarters From Hong Kong to Bahamas: Report

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.

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