Backpack Exchange has launched its European subsidiary, Backpack EU, marking its entry into the European cryptocurrency market with a focus on compliance and safety.
Regulated Futures for European Traders
The launch of Backpack EU comes amid increasing interest from European traders for platforms offering secure and regulated access to crypto derivatives. The platform provides perpetual futures trading that complies with local financial regulations. Backpack's CEO, Armani Ferrante, emphasized that compliance and transparency are core to the company’s mission.
Ambitions in the Japanese Market
In addition to its European expansion, Armani Ferrante announced plans for the team to gain regulatory approval in Japan. This highlights the company’s aspirations to enter Asia’s complex and potentially lucrative market, known for its strict yet clear regulations.
Conclusion
With a successful launch in Europe and preparations to enter the Japanese market, Backpack Exchange is demonstrating serious intentions to become a globally recognized and compliant cryptocurrency exchange. This development reflects the company’s growing ambitions in the cryptocurrency space.
Backpack EU represents a significant step forward for the company in expanding its reach in the European market and lays the groundwork for future endeavors in other regions.
