• FTX’s European arm has launched a new website to allow its customers to withdraw their assets.
• The Cyprus Securities and Exchange Commission (CySE) has approved the website – https://ftxeurope.eu/ – with no services or products being offered.
• FTX Europe claims that their new domain will only be used for all FTX EU LTD clients to be able to claim their FIAT balances.
FTX’s European Arm Resumes Withdrawals
FTX’s European arm has launched a new website allowing its customers to submit withdrawal requests for their funds from the platform. The Cyprus Securities and Exchange Commission (CySE) approved the new domain name – https://ftxeurope.eu/ – which will only function for balance withdrawal, with no products or services being offered via the newly launched website.
No Products Offered on New Domain
FTX Europe stated that their new domain will exclusively be used for clients of FTX EU LTD so they can claim their FIAT balances, as opposed to offering any services or products via this website.
Update on Failed Crypto Exchange
European investors of the failed crypto exchange can now receive some relief as they are finally able to withdraw assets from the platform. However, the future of assets stored in FTX remains uncertain as investors continue to reel under uncertainty while awaiting further updates from CySEC and other regulatory bodies involved in this matter.
FTX Europe Launched in March 2022
The launch of FTX Europe is a relatively recent development since it was only established back in March 2022, making it a solvent entity now capable of paying out its customers through its newly launched website – www.ftxeurope.eu .
The launch of the FTX Europe website is a major milestone towards restoring trust amongst crypto investors who have been affected by the bankruptcy of one of the world’s leading exchanges and are desperate for answers regarding their investments within it. It remains unclear when full access to users‘ assets will be granted, but this development provides some much-needed assurance that progress is being made towards resolving this issue