The global quantitative trading and crypto market firm Susquehanna International Group plans The Bahamas expansion, per sources. The expansion move gets Susquehanna even closer to the HQ of the FTX exchange and its founder Sam Bankman-Fried.
The Bahamas’ appealing crypto regulatory framework is the prime reason why FTX also chose to move to the island nation. Earlier in September 2021 we reported Sam Bankman-Fried’s crypto exchange FTX’s move to The Bahamas.
On the FTX’s move to The Bahamas, its Co-CEO Ryan Salame is reported to have lauded the region to emerge as a “regulatory leader by establishing a crypto framework with the DARE Act in 2020.”
“The industry is looking for clear rules of the road and that is what the Bahamas has provided,” Salame added.
The financial service company, Susquehanna International, is currently based in Pennsylvania, US. It has been actively trading in the centralized and decentralized crypto markets since 2018.