CoinVoice has recently learned that the centralized cryptocurrency exchange Backpack has acquired FTX EU, the former European branch of the now-defunct FTX exchange.

The company's new European entity will offer a range of cryptocurrency derivatives services across the EU, including perpetual futures. As part of the transaction, Backpack EU will be responsible for allocating funds to FTX EU customers based on the court-approved bankruptcy claims process.

After reactivating its license, Backpack EU is expected to go live in the first quarter of 2025.[Original link]