FTX EU opens European withdrawals website

Mar. 31, 2023

By Mike Dalton

The site will solely provide fiat withdrawals and no other services.

FTX EU has opened a website to allow former European customers to submit withdrawal requests, according to a report from Finance Magnates on March 30.

Site is for withdrawals; license remains suspended

Quoted statements from FTX EU indicate that the site, located at ftxeurope.eu, will solely handle fiat balance claims and that no other services will be offered.

Finance Magnates noted that the newly-launched website is registered with the Cyprus Securities and Exchange Commission (also known as CySEC). It additionally noted that FTX EU has regional headquarters in Cyprus alongside its headquarters in Switzerland.

CySEC reportedly suspended the company’s operating license in November 2022 following the broader collapse of FTX and Alameda Research that same month. That suspension was carried out due to violations of market laws concerning the composition of the FTX EU board and in order to preserve the safety of client assets, among other reasons.

CySec extended the suspension to March 2023 in order to give FTX EU additional time to comply with provisions and return funds belonging to clients.

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