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Backpack Acquires FTX Europe to Launch Regulated Derivatives Across EU
Backpack Exchange has acquired FTX Europe, securing the company’s Cyprus-based regulatory licenses and positioning itself to offer regulated crypto derivatives across the European Union. The deal gives Backpack access to key regulatory approvals previously held by FTX EU, including its Cyprus Securities and Exchange Commission (CySEC) license.
This move marks a strategic expansion for Backpack, which plans to roll out fully compliant derivatives products across the EU in 2025. The acquisition follows Backpack’s broader regulatory push, including a full VASP license in Dubai, and reinforces its commitment to building trusted, licensed crypto infrastructure on a global scale.