Backpack Exchange Introduces Perpetual Futures Trading
Backpack Exchange, a fully regulated global cryptocurrency exchange, has officially launched perpetual futures trading designed specifically for European traders. This new offering is accessible through Backpack's European subsidiary, which ensures that users can trade in a compliant manner.
Strategic Move Post-Acquisition
The launch follows Backpack's strategic acquisition of FTX EU Ltd, which occurred in early 2025. This acquisition was pivotal as it allowed Backpack EU to take on the responsibility of addressing customer claims from FTX EU.
Enhancing the Trading Experience
In its commitment to excellence, Backpack EU provides traders with the opportunity to engage in one of the first fully regulated crypto-derivatives platforms in Europe. CEO Armani Ferrante expressed enthusiasm for this development, emphasizing the importance of bringing regulated options to traders who have been lacking such venues. “Today marks the beginning of an exciting journey for EU users as we provide them with enhanced access to perpetual futures trading,” he stated.
Regulatory Compliance and Product Offerings
Operating under a MiFID II license, Backpack EU positions itself as a pioneer in licensed crypto-derivatives trading within the European Union. The platform offers over 40 trading pairs and allows users to take advantage of up to 10x leverage, catering to both novice and experienced traders alike.
About Backpack EU
Trek Labs Europe Ltd, operating as Backpack EU, is a Cyprus-registered entity regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulatory framework enables Backpack EU to provide investment services and operate with financial instruments under the MiFID II directive.
Building Trust in the Digital Asset Space
Backpack EU is not only focused on launching its trading platform but is also dedicated to restoring trust in the digital asset ecosystem by ensuring the safe return of funds to former FTX EU clients. This commitment highlights Backpack Group's focus on integrity and customer service.
Global Reach and Community Engagement
Backpack Exchange serves a wide array of clients globally, operating in over 150 countries and regions. Since 2024, the platform has recorded trading volumes exceeding $170 billion, exhibiting considerable engagement within the cryptocurrency trading community.
Diverse Ecosystem of Products and Services
Aside from spot and perpetual trading, the Backpack ecosystem includes several innovative products and services such as the self-custodial Backpack Wallet and involvement in the thriving NFT sector through partnerships like Mad Lads, a leading community within the Solana ecosystem.
Future Prospects for Backpack EU
As regulatory frameworks continue to evolve, Backpack EU intends to remain at the forefront of compliant trading, offering products that align with traders’ needs. The welcoming of EU users marks a significant milestone for the platform and underscores their commitment to providing an enriching trading experience.
Frequently Asked Questions
What is Backpack EU?
Backpack EU is the European subsidiary of Backpack Exchange that provides a fully regulated platform for crypto-derivatives trading.
What services does Backpack EU offer?
Backpack EU offers perpetual futures trading, access to over 40 trading pairs, and leveraged trading options.
Who regulates Backpack EU?
Backpack EU is regulated by the Cyprus Securities and Exchange Commission (CySEC) under MiFID II licensing.
How does Backpack EU ensure fund safety?
After acquiring FTX EU Ltd, Backpack EU is dedicated to ensuring the safe return of funds to former FTX clients, demonstrating a strong commitment to customer security.
What is the significance of perpetual futures trading?
Perpetual futures offer traders the ability to speculate on price movements without an expiration date, providing greater flexibility in trading strategies.
