FTX Opens Branch in Japan and Crypto.com Gets License in Dubai

Cryptocurrency exchange FTX has announced the launch of FTX Japan, a customer service division in Japan. 

According to a press release, Sam's companyBankman-Frida renamed the previously acquired Liquid exchange to FTX Japan K.K. The latter holds an FSA license for a digital asset exchange service provider and a financial instruments business permit.

The headquarters of the new division is located in Tokyo. Bankman-Fried became its interim CEO. 

The company noted that the launch of FTX Japanwill provide customers in Japan with a wide range of products and services, including spot trading and derivatives transactions. The platform also supports deposits and withdrawals in Yen. 

Another company also announced its entry into a new market.cryptocurrency platform - Crypto.com. It has received a conditional virtual asset provider license from VARA. The company noted that regulatory approval will allow it to offer clients in Dubai a full range of services. 

The company noted that VARA issued a conditional license when Crypto.com provided documents confirming its compliance with regulatory requirements.

After final inspection by the department and receipt of a full license, Crypto.com intends to expand its product line in the region by launching new services for qualified investors. 

Recall that in May, Binance shared plans to launch a regulated crypto exchange in the Middle East. The platform will be based on licenses obtained in Dubai and Bahrain.