Hannover, Germany – Backpack Exchange, a fully regulated global cryptocurrency exchange, today announced the acquisition of FTX EU, the former European arm of FTX holding a MiFID II license. Approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), this acquisition represents a major step in Backpack’s international expansion and demonstrates its commitment to providing secure and regulated trading solutions. throughout Europe.
Through this acquisition, the new Backpack EU entity will offer a full range of crypto derivatives products across the European Union. Currently, no regulated crypto derivatives products are available on this market, and unregulated offshore platforms have had to cease their unlicensed activities within the EU.
As many international crypto-asset trading platforms leave the European Union, becoming a MiFID II approved entity demonstrates our commitment to the highest regulatory standards and is an important step in offering transparent, secure crypto-asset trading and regulated on a previously neglected European market.
Armani Ferrante, PDG de Backpack Exchange
As part of the acquisition, Backpack EU will assume responsibility for distributing FTX bankruptcy-related receivables previously approved by the court to FTX EU customers. Mr. Ferrante added:
Refunding customers is a critical part of restoring confidence in the industry, and Backpack is committed to returning FTX EU customer funds as quickly and safely as possible.
In addition to offering regulatory compliant products, Backpack EU will ensure seamless integration with traditional payment methods, including via the Single Euro Payments Area (SEPA) system for instant, low-cost transfers, as well as bank transfers. in major currencies across the region.
The license reactivation process is underway, and Backpack EU plans to launch operations in the first quarter of 2025. Further information regarding registration details for new users and access to assets for FTX EU customers will be communicated as soon as they become available. To learn more, please see the FAQ at: https://support.backpack.exchange.
About Backpack Exchange
Backpack Exchange is a fully regulated, global cryptocurrency exchange that develops an innovative, easy-to-use and compliant service for experienced traders and newcomers to Web3 worldwide. Backpack currently serves users in over 150 countries and regions, with over $60 billion in trading volume.
The Backpack ecosystem includes several products and services, including the Backpack Wallet (non-custodial), Backpack Exchange, and Mad Lads, the primary NFT community in the Solana ecosystem.
Account : https://x.com/Backpack
Contact presse : [email protected]
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