Backpack Exchange, a rising star in the crypto world, has taken a bold step towards global expansion by acquiring FTX EU. This acquisition is a significant milestone for European crypto enthusiasts. With FTX receiving regulatory approval from the bankruptcy court and CySEC, Backpack is set to make waves in the European market.

This deal aims to fill a gap in Europe’s regulated crypto space. By taking over FTX EU’s MiFID II license, Backpack is aligning with strict European standards. This is a positive development for investors looking for safe and regulated options. It also plans to offer exciting features such as crypto derivatives.

The acquisition of FTX EU marks a new beginning for Backpack Exchange. At a time when many platforms are withdrawing from Europe due to tough regulations, Backpack demonstrates its commitment to transparency and customer trust. As CEO Armani Ferrante stated, regulated trading is the future. Backpack aims to provide safe and innovative trading solutions in Europe by meeting high regulatory standards.