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.

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