• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Backpack Exchange Acquires FTX EU to Strengthen European Market Position

user avatar

by Giorgi Kostiuk

3 months ago


Today, Backpack Exchange announced the complete acquisition of FTX EU, the former European arm of FTX. This marks a significant step in Backpack's expansion into the European market.

Acquisition Deal

Backpack Exchange has acquired FTX EU, with the deal approved by the Cyprus Securities and Exchange Commission (CySEC). This acquisition allows Backpack to strengthen its European market position, offering more secure and regulated trading solutions.

New Product Offerings

With the acquisition, Backpack is set to offer a full range of crypto derivatives across Europe, including perpetual futures. This is a critical step as many international exchanges are closing their unregulated operations.

Future Plans

The launch of the new Backpack EU branch is scheduled for Q1 2025. Additionally, Backpack will handle the distribution of court-approved FTX EU customer claims as part of the bankruptcy proceedings. New users are expected to join once all necessary processes are completed.

In conclusion, the acquisition of FTX EU represents a major expansion for Backpack Exchange in the European market and highlights the company's commitment to providing a secure and regulated trading environment for its users.

0

Share

Other news

Arthur Hayes Anticipates Bitcoin Surge to $250,000 Amid U.S. Economic Policy Changes

Arthur Hayes predicts Bitcoin will hit $250,000 by 2025 due to economic policy changes and increased liquidity.

user avatarGiorgi Kostiuk

13 minutes ago

MAGACOINFINANCE: Key Crypto Project of 2025

MAGACOINFINANCE finds its place among the top 2025 crypto projects, standing out with its growth potential and relevant offerings.

user avatarGiorgi Kostiuk

23 minutes ago

BlockDAG Achieves Significant Funding Growth Following Beta Testnet Launch

BlockDAG successfully raised $5 million within 48 hours of its beta testnet launch, demonstrating a significant investor interest.

user avatarGiorgi Kostiuk

an hour ago

Analysis of Aptos, ONDO, and Qubetics: Promising Cryptos for 2025

Aptos, ONDO, and Qubetics have established themselves as key players in the cryptocurrency world in 2025.

user avatarGiorgi Kostiuk

an hour ago

BlockDAG Launches Testnet Mirroring Real World Tokenomics

BlockDAG's testnet models tokenomics while Dogecoin shows volatility and Ethereum Classic remains steady.

user avatarGiorgi Kostiuk

an hour ago

Atkins' SEC Nomination Advances in U.S. Senate Committee

Atkins' nomination progresses, hinting at potential regulatory shifts for digital assets.

user avatarGiorgi Kostiuk

an hour ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.