Fastex, positioned as a Web3 ecosystem that enables users to buy, trade, and transact in cryptocurrencies, announced its expansion into the U.S. market.
The company noted that this marks an important milestone, as the firm can now offer secure, compliant spot trading services to both retail and institutional clients across the United States.
This includes, in particular, spot trading of the entire basket of crypto assets, including Bitcoin (BTC), Ethereum (ETH), Fasttoken (FTN), Cardano (ADA), XRP, Solana (SOL), and others. The U.S. division is headed by Vahe Balayan.
“Expanding Fastex into the United States marks a pivotal chapter in our global growth strategy. The U.S. market presents a dynamic landscape for blockchain innovation, and we see tremendous opportunity to deliver secure, compliant, and user-centric Web3 solutions that align with the evolving needs of American institutions and consumers. As regulatory clarity improves and adoption accelerates, Fastex is well-positioned to contribute to the responsible growth of the digital asset economy in the United States,” he said.
In the U.S., Fastex is registered as a Money Services Business (MSB) and is authorized as a Money Transmitter in key jurisdictions, including California, New Jersey, Michigan, and Arizona.
As part of its expansion, the company plans to register in additional states to expand the range of services and achieve full regulatory compliance.
Additionally, Fastex plans to open a regional office. The company is already in the process of hiring senior executives, including a Chief Financial Officer (CFO) and Chief Commercial Officer (CCO). The firm anticipates that as it expands, new vacancies will emerge within the top management team.
“This expansion is a natural progression of Fastex’s strong momentum. With a robust suite of products, a growing partner network, and key milestones already behind us, entering the U.S. market underscores our commitment to scaling globally. This is an exciting moment for Fastex as we continue to build on our trajectory and bring our innovative ecosystem to one of the world’s most influential tech and finance landscapes,” Balayan emphasized.
The launch of Fastex in the U.S. is part of a broader strategy aimed at becoming a leading global cryptocurrency exchange, combining robust infrastructure, comprehensive compliance, and an inclusive financial ecosystem for the Web3 era, the company stated.