Backpack, formed by the original FTX team, acquired FTX EU for $32.7 million, stating that it would become the only regulated perpetual futures provider in Europe. Backpack EU is expected to be officially launched in the first quarter of 2025.

https://www.coindesk.com/business/2025/01/07/ftx-eu-sold-to-backpack-exchange-plans-regulated-crypto-derivatives-push-across-europe