🔔 FTX EU, the European arm of Sam Bankman Fried’s failed crypto empire, has been sold to Backpack Exchange, founded by former Alameda Research and FTX employees! 💼

- Backpack stands out as the only regulated perpetual futures provider in Europe with its $32.7 million acquisition of FTX EU.

- It will offer crypto derivatives in Europe under the MiFID II license.

- Giants like Bitstamp and Coinbase also hold MiFID II licenses.

- Backpack has filed its MiCA notification and plans to launch in Q1 2025.

What impact do you think Backpack will have on the European crypto market? Let’s meet in the comments! 📈