Fastex opens Los Angeles office to expand US business

According to CoinDesk, Dubai cryptocurrency exchange Fastex announced the establishment of a US office in Los Angeles, providing spot trading services such as BTC and ETH to US users. The Chief Legal Officer of the exchange stated that although the United States has not yet established a clear regulatory framework for cryptocurrency, the recent relaxation of enforcement by the SEC has contributed to this expansion. Fastex is temporarily not applying for a BitLicense license in New York State and will prioritize the acquisition of a VARA license in Dubai. The next step is to expand into the Latin American market, with the first stop being Brazil.