Backpack EU Launches as Regulated Perpetual Futures Exchange in Europe
Backpack Exchange announced the launch of its rebranded platform, Backpack EU, which is now live. This exchange offers regulated perpetual futures in Europe and provides private beta access to 100 users daily.
Key Features of Backpack EU
- Officially launched on September 8, 2025
- Pioneer in offering fully regulated crypto derivatives in Europe
- Plans to offer over 40 trading pairs with up to 10x leverage
- Aimed at retail and institutional traders
- Emphasizes compliance with European regulations
CEO Armani Ferrante noted that Backpack EU and Kraken are currently the only exchanges in Europe offering these products. The platform aims to rebuild trust in digital currencies following the collapse of FTX and other exchanges. Ferrante stated that building this trust will take time and commitment to continuous improvement.
Acquisition and Rebranding
- In January 2025, Backpack Exchange acquired FTX EU after receiving approval from relevant authorities.
- The acquisition strengthens Backpack’s presence in Europe.
- Rebranding from FTX EU to Backpack EU took nine months.
- Backpack Exchange is responsible for redistributing customer funds from the acquisition.
Backpack has also started fulfilling obligations to former FTX EU customers, resolving initial disputes related to the sale and launching a claims verification process in April.