Haciyev Reşit 
Global crypto exchange Backpack Exchange announced today that it has officially launched fully regulated perpetual futures trading in the European Union. The service will be offered through its Cyprus-based subsidiary, Backpack EU, licensed by CySEC.
From now on, users in Europe can register via eu.backpack.exchange and trade perpetual contracts fully legally and securely under a MiFID II license.
A New Era After the FTX EU Acquisition
This development follows Backpack’s acquisition of FTX EU Ltd. in early 2025. Since May 2025, Backpack EU has been responsible for distributing claims to former FTX EU customers. Having successfully completed that process, the company is now focusing on expanding its services in Europe.
Backpack CEO Armani Ferrante stated:
*“After fulfilling our promise to repay former FTX EU customers, we are embarking on the journey of offering one of the first regulated crypto derivatives platforms in Europe.
Today, as global regulators provide clearer frameworks for crypto and institutions adopt digital assets, the need for traders to have access to safe and regulated trading platforms has never been greater. We are here to meet that need. We invite our European users to join our platform and look forward to serving them in the years to come.”*
Perpetual Trading Under MiFID II License
Backpack EU operates under the MiFID II license, one of the strictest regulatory frameworks in European finance. This license allows the company to offer:
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Fully regulated perpetual futures trading,
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Advanced trading tools,
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Over 40 trading pairs,
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Up to 10x leverage,
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A secure trading environment for institutional investors.
This step is being considered a historic milestone for the European crypto derivatives market.
About Backpack EU
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Company Name: Trek Labs Europe Ltd (Backpack EU)
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Former Name: FTX EU Ltd
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Headquarters: Nicosia, Cyprus
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Regulatory Authority: Cyprus Securities and Exchange Commission (CySEC)
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License Number: 273/15
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Jurisdiction: Authorized under MiFID II to provide investment services and trade financial instruments
Backpack EU serves as the European arm of Backpack Exchange, with the mission of restoring trust in the digital asset industry. By ensuring the safe repayment of former FTX EU customers’ funds, the company has played a critical role in overcoming the sector’s credibility challenges.
The Backpack Ecosystem
Backpack is not only an exchange but also a robust crypto ecosystem. Since 2024, it has processed over $170 billion in trading volume and provides services in more than 150 countries. Its core products include:
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Backpack Wallet: A popular self-custodial wallet that allows users to retain full control of their assets.
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Backpack Exchange: A regulated, global cryptocurrency exchange.
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Mad Lads: The strongest NFT community within the Solana ecosystem.
Regulated perpetual trading under the MiFID II license provides investors with security, transparency, and legal assurance. This development paves the way for crypto investors in Europe—both retail and institutional—to trade more safely and in full compliance with regulations.
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