Swiss regulators reject FTX Europe's financial trading license application

ChainCatcher news, sources reveal that the Swiss banking regulator FINMA has rejected FTX Europe's application for a financial trading license. Currently, FTX has not disclosed any related information. FTX Europe is headquartered in Pfäffikon, near Zurich, and previously obtained a Cypriot license to offer crypto derivatives in the European market, which has now also been suspended.

FTX Europe was established on March 7, 2022, with its headquarters in Switzerland and a regional headquarters set up in Cyprus. (source link)