Bitcoin exchange FTX has launched a regulated platform in the Bahamas

Bitcoin exchange FTX has launched a regulated platform in the Bahamas

A subsidiary of cryptocurrency exchange FTX has registered with the Bahamas Securities Commission as a digital asset business.

Today we're proud to announce that FTX has been registered with the Securities Commission of The Bahamas under the DARE Act of 2020.

According to a statement, FTX Digital Markets is the first in the jurisdiction to be licensed under the Registered Digital Asset Exchanges Act (DARE Act).

"With this expansion through the DARE Act, we are committed to providing our customers with a safe, secure and compliant exchange," said FTX founder and CEO Sam Bankman-Fried.

He said the company is committed to maintaining a working relationship with regulators to "navigate together to create a comprehensive regulatory framework" for the new asset class

On 17 September, another FTX subsidiary, crypto derivatives exchange ZUBR, received its blockchain services provider licence from the Gibraltar Financial Services Commission.

FTX bought the jurisdiction-based platform in early 2021.

As a reminder, in August FTX's US unit acquired regulated cryptocurrency derivatives exchange LedgerX. The platform was licensed as an authorised derivatives marketplace by the US Derivatives Trading Commission in 2019.

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