?FTX will begin moving key operations to the Bahamas as part of its headquarters change

?FTX is moving some key operations from its longtime headquarters in Hong Kong to the Bahamas.

? The CEO and founder of FTX Ltd. Sam Bankman-Fried tweeted today that the company is in the process of moving its headquarters to the Bahamas from Hong Kong.

?The Bahamas branch of the exchange, FTX Digital Markets, is registered as a digital assets business with the national securities regulator, according to an announcement earlier this week.

?The announcement also revealed that Ryan Salame, former head of OTC at Alameda Research, will lead the Bahamas unit as CEO.