The European subsidiary of the bankrupt cryptocurrency exchange, FTX has unveiled a platform to let European users submit details regarding their withdrawal bids.
The website https://ftxeurope.eu/ has been approved by the financial regulators of Cyprus, the same financial regulators through which FTX secured regulatory approval for its European subsidiary.
FTX Europe was launched just six months before the meltdown of the exchange in November, therefore, users of the exchange are expected to be a handful, although there is no data about the number of users the exchange has within the six months period.
“Please be informed that our new domain, www.ftxeurope.eu, has been approved by our regulator CySEC as you have well identified. The website will only be used for all FTX EU LTD clients to be able to claim their FIAT balances. There will be no services or products offered via this website,” the report noted.
Since the collapse of FTX in November, only the Japan subsidiary of the exchange has attempted to pay back its customers, users were allowed to withdraw all their assets on the platform which amounted to roughly $50 million in February.
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