The world's second largest cryptocurrency exchange is looking to invest around $60 million towards the development of a boutique hotel, commercial center and its new headquarters in The Bahamas.
During a town planning meeting, it was noted that FTX Holdings Ltd, the real estate holding company for FTX Digital Markets, is seeking approval to develop nearly five acres of land at Bayside Executive Park.
CEO of FTX Bahamas, Ryan Salame said the new headquarters will be a hub for innovation and training for Bahamians and international talent.
The company's owner, Sam Bankman-Fried, has said previously that The Bahamas' move to establish the world's first comprehensive regulatory regime for cryptocurrency and digital assets had encouraged the exchange to relocate from Hong Kong.
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