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Crypto Exchange FTX Wins License, Plans Regional HQ in Dubai

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FTX, a major cryptocurrency exchange, said it received a virtual-asset license in Dubai and will set up a regional headquarters in the city. 

FTX Europe, a division operating in Europe and the Middle East, is among anchors in the Dubai World Trade Centre. The firm will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,” Chief Executive Officer Sam Bankman-Fried said in a statement.