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As it is ramping up its plans to conquer Europe, the United Kingdom is looking to be crypto exchange FTX’s next stop.
The newly established arm of the popular exchange, FTX Europe, headquartered in Switzerland and subsidiaries in Cyprus and Dubai, has begun talks with UK regulators.
In an interview, head of FTX Europe, Patrick Gruhn said they taking a “relatively cautious approach” with the UK regulator, the Financial Conduct Authority (FCA). He added:
“We are looking to bring spot trading into the UK right now but it’s quite difficult.
We want to have a dialogue with the FCA first because the FCA seems to be relatively suspicious regarding crypto.”
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The FTX Executive could not yet give a timeline for when it may be able to launch its services in Britain.