Cryptocurrency exchange FTX continued its global expansion by opening a new division in Australia.
FTX Australia will offer exchange and over-the-counter (OTC) products and services, including derivatives.
Late last year, the Australian government announced its intention to create a “world-leading” regulatory framework to bring cryptocurrency “out of the shadows.”
Cryptocurrency companies will have to be licensed to provide robust user protection. The government is now working on a licensing plan for exchanges.