{"id":29366,"date":"2025-05-30T04:01:47","date_gmt":"2025-05-30T04:01:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29366"},"modified":"2025-05-30T04:01:47","modified_gmt":"2025-05-30T04:01:47","slug":"fastex-expands-u-s-presence-with-los-angeles-office","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29366","title":{"rendered":"Fastex Expands U.S. Presence With Los Angeles Office"},"content":{"rendered":"
\n

Fastex, a Dubai-based crypto exchange, is expanding its presence in the U.S., building out an office in Los Angeles, California.<\/p>\n<\/p>\n

According to a Thursday announcement, Fastex will offer spot crypto trading services of tokens including bitcoin BTC, ether ETH, Cardano ADA, Solana SOL and its native utility token, Fasttoken FTN, to both retail and institutional investors in the U.S.<\/p>\n<\/p>\n

Fastex\u2019s American expansion comes as the U.S. continues to overhaul its approach to crypto regulation under President Donald Trump\u2019s administration. Since Trump took office in January, the U.S. Securities and Exchange Commission (SEC) has retreated from the so-called regulation-by-enforcement approach to crypto it took under former Chair Gary Gensler, dropping a host of open investigations and closing ongoing litigation against crypto exchanges.<\/p>\n<\/p>\n

In an interview with CoinDesk at Bitcoin 2025 in Las Vegas, Fastex\u2019s Chief Legal Officer and board member Vardan Khachatryan said that the SEC\u2019s softened stance toward crypto regulation played a major role in the exchange\u2019s decision to expand in the U.S., though he acknowledged that there is still no concrete legal framework for crypto in the country.<\/p>\n<\/p>\n

\u201cThere has been enough of a policy change, at least in terms of [how the U.S. government is] viewing things, that allowed us to go for this,\u201d Khachatryan said. \u201cIt\u2019s still kind of a risk, but it\u2019s a lower risk.\u201d<\/p>\n<\/p>\n

With a host of crypto companies returning to the U.S. due to the Trump Administration’s crypto-friendly policies, cities like New York are hoping to attract companies expanding to the U.S. to set up shop in their jurisdictions.<\/p>\n<\/p>\n

But, while Khachatryan said New York would be \u201cthe right place to be in terms of headquarters,\u201d he said that, for now, the prospect of obtaining a BitLicense \u2014 the notoriously difficult-to-obtain crypto license issued by the New York Department of Financial Services (NYDFS) \u2014\u00a0is prohibitive.<\/p>\n<\/p>\n

\u201cI hope that things will change a bit,\u201d Khachatryan said.<\/p>\n<\/p>\n

New York City Mayor Eric Adams, who has branded himself the \u201cBitcoin Mayor\u201d in an attempt to lure crypto companies to New York, called for the end to the BitLicense regime during a speech at Bitcoin 2025 in Las Vegas on Wednesday.<\/p>\n<\/p>\n

Read more: NYC Mayor Eric Adams Calls for End of the NYDFS BitLicense, Proposes BitBond<\/a><\/em><\/strong><\/p>\n<\/p>\n

Fastex is currently headquartered in Dubai, in the Dubai International Financial Centre (DIFC). Khachatryan said the exchange is currently working on obtaining a license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA).<\/p>\n

After expanding in the U.S., Khachatryan said the exchange also has its eyes on a Latin American expansion, starting with Brazil, followed by Argentina and Mexico.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fastex, a Dubai-based crypto exchange, is expanding its presence in the U.S., building out an office in Los Angeles, California. According to a Thursday announcement, Fastex will offer spot crypto trading services of tokens including bitcoin BTC, ether ETH, Cardano ADA, Solana SOL and its native utility token, Fasttoken FTN, to both retail and institutional […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29366","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29366"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29366\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}