Fastex Expands U.S. Presence by Opening Office in Los Angeles
Fastex, a Dubai-based crypto exchange, is expanding into the U.S. with a new office in Los Angeles. The exchange will provide spot trading services for various tokens including bitcoin, ether, Cardano, Solana, and its native token Fasttoken to retail and institutional investors.
The expansion aligns with changes in U.S. crypto regulation under President Trump's administration. The SEC has eased its regulatory stance, closing investigations and litigation against exchanges, which influenced Fastex's decision to enter the market, according to Chief Legal Officer Vardan Khachatryan.
- Expansion motivated by softened SEC enforcement policies
- Current lack of a concrete legal framework presents risks
- New York remains attractive but BitLicense challenges limit headquarters options
- Future plans include expanding into Latin America, starting with Brazil
Khachatryan noted that while New York is a prime location, the difficulties in obtaining a BitLicense make it less viable for now. NYC Mayor Eric Adams advocates for ending the BitLicense regime to attract more crypto companies.