The company will build a headquarters in Dubai to operate exchange and clearinghouse services for bitcoin and cryptocurrencies through a subsidiary.
- FTX exchange received approval to operate exchange and clearinghouse services in Dubai.
- The company will build a regional headquarters in the city.
- A subsidiary of FTX operating in Europe and the Middle East will facilitate product offerings in the region.
FTX, a cryptocurrency exchange based in the Bahamas, has received approval to operate as an exchange and clearinghouse in Dubai, according to a report by Reuters.