FTX Crypto Exchange Moves From Hong Kong Amid Regulatory Pressure

FTX Trading Limited crypto derivatives exchange relocated from a crypto-unfriendly place to the Bahamas.


FTX Crypto Exchange Moves From Hong Kong Amid Regulatory Pressure
FTX Crypto Exchange | Image: Optimisus

According to reports, the popular crypto derivatives trading venue FTX has relocated from Hong Kong to Nassau, the capital of the Bahamas. This comes amid the region became unfriendly to crypto-related businesses.

Wu Blockchain, Chinese crypto-journalist Colin Wu announced the news on Twitter on September 24.


The journalist said that FTX has moved its headquarters from Hong Kong and moved to Nassau, the capital of the Bahamas because its regulatory environment is more friendly than Hong Kong.


On September 20, some news said that a subsidiary of FTX, FTX Digital Markets, secured a registration from the local Securities and Exchange Commission (SEC). As a result, this presents many opportunities for crypto businesses and allows crypto exchanges to expand in a legalized manner.