FTX Europe Launches Fiat Withdrawal Service for EU Citizens

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

According to FTX Europe, the new domain namehttps://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 remains suspended and therefore no other services or products will be offered to users other than the ability to withdraw funds.

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

Note: Almost none of FTX&#8217;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

It was expected that&nbsp; European FTX clientsEurope will be able to apply for withdrawals starting March 30, but some users have reported that the website is currently glitchy or unresponsive.

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