Backpack EU Launches: Regulated Crypto Derivatives Trading for European Traders

Today, Backpack Exchange is proud to announce the launch of Backpack EU, our fully regulated European trading platform.

Operating under a MiFID II license and regulated by the Cyprus Securities and Exchange Commission (CySEC), Backpack EU gives European users access to perpetual futures in a secure, compliant, and innovative environment. Starting with over 40 trading pairs and up to 10x leverage, we’re delivering a regulated derivatives experience that has been missing in the European market.

A Milestone More Than a Year in the Making

This launch is not the result of weeks or months, it’s the product of over a year of persistence and execution.

• Over a year ago, we reached the initial agreement to acquire FTX EU Ltd.
  
• We then spent 6+ months in deep due diligence before CySEC approved the acquisition in January 2025.
  
• The next 6+ months were spent working hand-in-hand with regulators to build the right team, structure, and compliant product from the ground up.
  
• And before even opening the platform, we took on the responsibility of serving former FTX EU clients, managing the claims process for roughly 110,000 users and ensuring funds were returned safely.

We said we would make this happen and we did. That commitment is at the core of Backpack’s DNA.

Why It Matters Now

The timing couldn’t be more important:

• Global regulators are creating clearer frameworks for crypto.
  
• Institutional adoption is accelerating.
  
• Perpetual futures remain one of the most in-demand crypto trading products in Europe, an essential instrument for effective risk management and market hedging, yet have historically been offered only rarely within a regulated framework.

Backpack EU is here to change that, giving traders the products they want, backed by a framework they can trust.

What’s Live Today

• 40+ perpetual futures pairs
  
• Up to 10x leverage
  
• Fully compliant under MiFID II and regulated by CySEC

Part of a Bigger Vision

Backpack EU is one chapter in a much larger story. Our mission is to build a global financial institution for the crypto era, one that combines innovation, security, and compliance.

We already serve users in more than 150 countries and regions, have processed over $170 billion in trading volume since 2024, and are licensed or authorized in multiple jurisdictions worldwide. The Backpack ecosystem includes:

• Backpack Wallet: a leading self-custodial web3 wallet
  
• Backpack Exchange: our global trading venue
  
• Mad Lads: the #1 NFT community on Solana
  

With each milestone, we’re adding momentum, and Europe is just the beginning.

‍In the News

• PR Newswire: Backpack EU Goes Live, Offering Regulated Perpetuals Trading for European Traders
• CoinDesk: Backpack Opens Regulated Perpetuals Exchange in Europe After FTX EU Acquisition