Backpack Exchange Acquires FTX EU, a Strategic Move to Dominate Crypto in Europe!
On January 7, 2025, Backpack Exchange, a cryptocurrency trading platform founded by former FTX and Alameda Research employees, successfully acquired FTX EU, the European arm of the bankrupt FTX exchange.
The acquisition was approved by FTX's bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), paving the way for a major expansion in Europe. This move not only addresses the issues left by FTX's bankruptcy but also introduces innovation in cryptocurrency services in the European region.