FTX Europe Launches Fiat Withdrawal Service for EU Citizens

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FTX Europe, the Cypriot subsidiary of the bankrupt FTX exchange, has launched a service for its customers through which they can withdraw their fiat balance from the platform.

According to FTX Europe, the new https domain name is://ftxeurope.eu/ has been approved by the Cyprus Securities and Exchange Commission (CySE). In press comments, the FTX Europe team stated that the CySE license is still suspended, so users will not be offered any services or products other than the ability to withdraw funds.

FTX EU, a solvent entity, is now paying out its customers on https://t.co/MEw8Oz8vTk.

Note: Almost none of FTX’s EU citizens are FTX EU users, because for some reason, FTX EU only onboarded customers registered from March 2022. pic.twitter.com/gu56Vysvlc

— FTX 2.0pium (FTX Creditor) (@AFTXcreditor) March 30, 2023

FTX Europe's European customers were expected towill be able to apply for withdrawals starting March 30, however some users have reported that the website is currently malfunctioning or unresponsive.

Formerly another international subsidiary of the FTX Group - FTXJapan - has started the process of withdrawing funds through the Liquid Japan payment platform. Subsequent reports indicated that some users were having difficulty withdrawing funds.