Backpack, a crypto exchange created by former employees of Alameda Research and FTX, has taken a big step by acquiring FTX EU. This strategic move will help Backpack grow its reach in the European Union.
A key part of their plan includes the launch of crypto derivatives, like perpetual futures, by the first quarter of 2025. Alongside this development, Backpack will also address the restitution of FTX EU customers, ensuring smooth operations and customer satisfaction.
This acquisition positions Backpack to not only expand services but also innovate in the European crypto market, setting the stage for the future of cryptocurrency trading in the region.
