Backpack, the crypto exchange founded by former Alameda Research and FTX employees, has acquired the European entity of FTX. This expands their presence in the European Union with plans to offer crypto derivatives, including perpetual futures, starting in Q1 2025.
Acquisition of FTX EU
The acquisition of FTX EU allows Backpack to expand its services in the European Union. There are plans to launch crypto derivatives in the first quarter of 2025.
Handling FTX EU Customers
A key part of this deal is addressing the bankruptcy claims for FTX EU customers. Backpack committed to distributing funds to these customers.
Ownership History of FTX EU
The ownership history of FTX EU highlights multiple attempts before Backpack's acquisition. This is important for understanding the development and strategy of the company.
The acquisition of FTX EU by Backpack marks a significant step in expanding its services in the European market, potentially impacting the cryptocurrency industry in the region.
