Backpack EU Finally Launches as Rebranded FTX EU
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Key Notes Backpack EU has officially gone live after almost nine months of rebranding. For now, private beta access has only 100 open slots per day. Backpack Exchange debuted its claims verification process on April 1 for the repayment of FTX EU customers. Backpack Exchange, a global cryptocurrency trading platform, took to X to announce the launch of its rebranded platform. According to the post, Backpack EU is now live as one of the first exchanges to offer regulated perpetual futures in Europe. It also stated that it is giving private beta access to only 100 users per day. Offerings of the New Backpack EU On September 8, Backpack Exchange announced that Backpack EU is now officially live. This new development positions the company as one of the pioneers of the first fully regulated platforms in Europe to offer crypto derivatives. Backpack EU is here 🎒🇪🇺 Today, we’re live as one of the first exchanges to offer regulated perpetual futures in Europe. Private Beta access is limited to 100 spots per day, every day. Join the waitlist now: https://t.co/qvUDpbsEdQ pic.twitter.com/Xctp2MuZRl — Backpack 🎒 (@Backpack) September 8, 2025 In its case, it plans to start with perpetual futures. Speaking about the novelty of Backpack’s move, Armani Ferrante, the company’s CEO said, “As far as I’m aware, it’s just going to be us and Kraken” in Europe. Going forward, Backpack EU will be charged with providing users with access to more than 40 trading pairs with up to 10x leverage. The team behind the project noted that it was particularly established to give both retail and institutional traders a gateway to advanced crypto trading products. The project also emphasizes strict compliance with European regulations. Generally, Backpack Exchange is keen on building a stellar reputation and helping investors to trust in digital currencies,…
Filed under: News - @ September 8, 2025 2:27 pm