Backpack Is Bringing Regulated Perps to the EU

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Crypto perps trading is finally coming back to Europe!

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Backpack is set to acquire FTX EU and its MiFID II license. Once approved, this will make us the only crypto exchange licensed to offer perpetual futures across the European Union—while unregulated platforms are being forced to wind down.

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The MiFID II license doesn’t just stop at crypto. It also gives Backpack the ability to offer securities like stocks, bonds, and more—bringing TradFi and DeFi closer than ever.

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First up: we’re returning funds to former FTX EU customers. After that, it’s full steam ahead with our rollout of spot, margin, and perps—brick by brick, the Backpack way.

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