• FTX’s European arm has launched a new website enabling its users 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.
• No products and services will be offered via the newly launched website.
FTX’s European Arm Resumes Withdrawals
European customers of the failed crypto exchange FTX can now withdraw assets with the launch of a new website by its European division – FTX EU. The domain name for this website was approved by Cyprus Securities and Exchange Commission (CySEC) as https://ftxeurope.eu/. This website will only allow investors to withdraw their balances, and no other services or products will be offered via this platform.
FTX Investors Reeling Under Uncertainty
FTX investors continue to face uncertainty as the fate of their assets stored in the bankrupt platform remains uncertain. However, with the launch of this new website, their European customers can access their funds at least temporarily until further developments are made regarding the resolution of FTX’s bankruptcy issue.
Statement from FTX Europe
A statement released by FTX Europe stated that “Our new domain [https://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”
Launch of New Website
This newly launched website enables its users to submit withdrawal requests for their funds from the platform safely and securely without any hindrance or delay due to technical issues or bank issues, etcetera. It is expected that more investors will now make use of this service in order to access their funds until there is more clarity on what happens next with regards to FTX’s bankruptcy case.
Although there is still much uncertainty surrounding FTX’s future, European customers can finally take some solace knowing that they can retrieve some of their assets through this new website launched by FTX EU in March 2022.