Backpack EU, Successor to FTX EU, Launches Regulated Perpetual Futures

• Backpack EU launched a regulated perpetual futures trading platform in Europe.
• The exchange began operations after settling with regulators in Cyprus.
• Backpack EU operates with CySEC’s MiFID II license

Backpack EU, the owner of the former FTX EU, which was the European arm of the defunct FTX cryptocurrency exchange, is launching a regulated perpetual futures trading platform in Europe. According to reports, Backpack embarked on the latest move after settling with regulators in Cyprus and securing the MiFID II license.

A new phase for Backpack EU

It is worth noting that Backpack is registered with the Cyprus Securities and Exchange Commission (CySEC) with the company name Trek Labs Europe. In a recent announcement, the firm noted that it has fulfilled its promise and refunded former FTX EU customers who were victims of the Sam Bankman-Fried-run crypto exchange a few years ago.

Related: FTX EU Fund Claims: Backpack Finally Opens Euro Withdrawals

In the meantime, Backpack noted that launching the perpetual futures trading platform introduces a new era for the crypto exchange. According to the company’s CEO, Armani Ferrante, Backpack has commenced it…

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