FTX to Launch Spot Exchange in the US
Main page News, US, Cryptocurrency Exchanges

Asia-focused crypto derivatives exchange FTX has just announced it plans to launch a spot exchange in the US.

FTX CEO Sam Bankman-Fried has said the new platform is now completing its beta tests and may be launched next month.

According to the platform's official site, FTX.US has already been registered as a money services business (MSB) with the Financial Crimes Enforcement Network (FinCEN) and is working to get state-level money transmitter licenses (MTL) in several states.

Both MSB and MTLs are required to operate legally in the US. However, the platform must obtain the BitLicense in order to offer its services to New York residents.

The exchange currently supports trading pairs between the USD and 6 assets: BTC, BCH, ETH, LTC, PAXG and USDT. However, the company CEO assures the offer will be extended before the official launch takes place.

Last week iHodl reported FTX had launched oil futures.

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