Fastex, a Dubai-based crypto trade, is increasing its presence within the U.S., constructing out an workplace in Los Angeles, California.
In response to a Thursday announcement, Fastex will provide spot crypto buying and selling providers of tokens together with bitcoin
, ether , Cardano , Solana and its native utility token, Fasttoken , to each retail and institutional buyers within the U.S.
Fastex’s American growth comes because the U.S. continues to overtake its strategy to crypto regulation underneath President Donald Trump’s administration. Since Trump took workplace in January, the U.S. Securities and Trade Fee (SEC) has retreated from the so-called regulation-by-enforcement strategy to crypto it took underneath former Chair Gary Gensler, dropping a bunch of open investigations and shutting ongoing litigation towards crypto exchanges.
In an interview with CoinDesk at Bitcoin 2025 in Las Vegas, Fastex’s Chief Authorized Officer and board member Vardan Khachatryan stated that the SEC’s softened stance towards crypto regulation performed a significant position within the trade’s choice to develop within the U.S., although he acknowledged that there’s nonetheless no concrete authorized framework for crypto within the nation.
“There was sufficient of a coverage change, a minimum of when it comes to [how the U.S. government is] viewing issues, that allowed us to go for this,” Khachatryan stated. “It’s nonetheless type of a threat, but it surely’s a decrease threat.”
With a bunch of crypto firms returning to the U.S. as a result of Trump Administration’s crypto-friendly insurance policies, cities like New York are hoping to draw firms increasing to the U.S. to arrange store of their jurisdictions.
However, whereas Khachatryan stated New York can be “the correct place to be when it comes to headquarters,” he stated that, for now, the prospect of acquiring a BitLicense — the notoriously difficult-to-obtain crypto license issued by the New York Division of Monetary Providers (NYDFS) — is prohibitive.
“I hope that issues will change a bit,” Khachatryan stated.
New York Metropolis Mayor Eric Adams, who has branded himself the “Bitcoin Mayor” in an try to lure crypto firms to New York, referred to as for the top to the BitLicense regime throughout a speech at Bitcoin 2025 in Las Vegas on Wednesday.
Learn extra: NYC Mayor Eric Adams Requires Finish of the NYDFS BitLicense, Proposes BitBond
Fastex is at the moment headquartered in Dubai, within the Dubai Worldwide Monetary Centre (DIFC). Khachatryan stated the trade is at the moment engaged on acquiring a license from Dubai’s Digital Property Regulatory Authority (VARA).
After increasing within the U.S., Khachatryan stated the trade additionally has its eyes on a Latin American growth, beginning with Brazil, adopted by Argentina and Mexico.
