FTX brings crypto options, futures, and CFDs to Australia

Rick Steves

FTX offers derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk.

FTX Trading Limited has established an Australian operation, marking an essential chapter in the crypto trading platform’s continued global expansion.

FTX Australia is a fully registered and licensed entity in the Australian jurisdiction that will offer a comprehensive suite of exchange and OTC based products and services, as well as derivatives.

Crypto trading under the FTX Australia banner

Australia is one of the favorite trading destinations for brokers and is being treated as such by FTX, which has pledged long-term commitment to the local market as its next step in the FTX’s global expansion.

FTX Australia will be headquartered in Sydney, the financial centre of Australia, and holds an Australian Financial Services Licence.

The firm acts as the issuer of the OTC derivatives including options contract, futures contract, contract for difference (CFDs) with the underlying digital/crypto assets, and leveraged tokens.

Sam Bankman-Fried, CEO & Founder of FTX, commented: “We’re excited to bring FTX’s innovative products and services to the Australian marketplace. The establishment of FTX Australia should provide all our local clients with the confidence of trading on a registered and licensed platform.

“As in other jurisdictions within which we operate, significant resources have been allocated to proactively engage with local regulators. We look to be a participant in policy discussions globally and will seek to continue this same level engagement locally through FTX Australia, and we are encouraged by the important work being undertaken to establish a new digital asset licensing regime.”

FTX offers derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens, and an OTC desk.

License to operate in Dubai

The crypto platform has recently acquired a license in Dubai via the European affiliate of FTX Trading, owner and operator of FTX.COM.

The authorization provides a license to launch and operate its Virtual Asset (VA) Exchange and Clearing House services in Dubai, United Arab Emirates (UAE).

FTX Europe will be the first fully regulated VA Exchange to trial complex crypto derivatives dedicated to professional institutional investors within a reputed international jurisdiction, according to the firm’s announcement.

The license was issued under prudential supervision and allows FTX to operate within Dubai’s ‘test-adapt-scale’ VA market model which has rigorous regulatory oversight and mandatory FATF compliance controls that are similar to the requirements of Tier 1 international financial markets.

Read this next

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

<