Crypto exchange FTX Europe is hiring Marcel Lötscher, who was previously a member of the executive board of Liechtenstein's financial market regulator, as its European Union strategy lead.
- Lötscher, who worked for over 10 years as head of the Securities and Markets Division at the country's financial regulator, will take up his new post in October.
- The announcement on Monday comes just weeks after the exchange, whose European headquarters are in Switzerland, announced that it received regulatory approval for its Cyprus arm as it seeks to expand in Europe and the Middle East.
- FTX launched in the U.S. in 2020 and now boasts an $8 billion valuation following a $400 million fundraising round in January.
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