Cryptocurrency exchange FTX has announced the launch of FTX Japan, a customer service division in Japan.

According to a press release, Sam Bankman-Fried’s company has renamed the Liquid exchange it previously acquired to FTX Japan KK. FSA.

The new division is headquartered in Tokyo. Bankman-Freed became its interim CEO.

The company noted that the launch of FTX Japan will offer customers in Japan a wide range of products and services, including spot trading and derivatives trading. The platform also supports Yen deposits and withdrawals.

Another cryptocurrency platform Crypto.com also announced its new market entry. Obtained a conditional virtual asset provider license from . VARA. The company noted that the regulator’s approval will allow it to offer a full range of services to customers in Dubai.

https://t.co/vCNztABJoG is proud to announce that it has received provisional approval for the Virtual Asset MVP License from Dubai Virtual Assets Regulatory Authority (VARA).

All details https://t.co/4nxPIUYQ9b

— Crypto.com (@cryptocom) June 3, 2022

The company noted that VARA granted a conditional license when it provided documentation confirming Crypto.com’s compliance with regulatory requirements.

After final review by the agency and obtaining a full license, Crypto.com plans to expand its product range in the region by launching new services for qualified investors.

Recall that in May Binance shared its plans to launch a regulated crypto exchange in the Middle East. The basis of the platform will be licenses obtained in Dubai and Bahrain.