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Backpack Opens Regulated Perpetuals Exchange in Europe After Buying FTX EU

Summary by Coin Desk
Operating out of Cyprus and licensed under the European Union’s MiFID II framework, the exchange is positioning itself as one of the first fully regulated venues in Europe to offer crypto derivatives, starting with perpetual futures.

15 Articles

Key Points of the News Regulatory Launch: Backpack EU debuts in Cyprus under the MiFID II regulation, becoming one of the only platforms in Europe to offer perpetual regulated futures with up to 10x leverage. FTX EU Resolution: After resolving acquisition disputes, Backpack began to compensate former holders of FTX EU, with the aim of restoring confidence in the cryptic market. Impressive to Transparency: Daily zero-knowledge proof attacks reinf…

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Coin Desk broke the news in Manila, Philippines on Monday, September 8, 2025.
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