TLDR
- Backpack EU Launches as First Licensed Crypto Derivatives Platform in Europe
- Backpack Gains EU Edge with MiFID II License and FTX EU Acquisition
- Crypto Confidence Reborn: Backpack EU Debuts with Full Regulatory Backing
- Backpack Expands to Europe with Compliant Perpetual Futures Trading
- From FTX EU to Backpack EU: A New Era for Regulated Crypto Derivatives
Backpack has officially introduced Backpack EU, its fully regulated European subsidiary, marking a significant expansion in crypto trading. The platform now offers perpetual futures trading to European users under a MiFID II license. This launch positions Backpack EU as one of the first licensed crypto derivatives venues in the European Union.
Backpack EU Gains Regulatory Edge in Europe
Backpack EU operates with authorization from the Cyprus Securities and Exchange Commission under license number 273/15. It becomes one of the few platforms permitted to offer derivatives under full EU regulatory oversight. This milestone enhances Backpack’s presence in regulated global markets.
The license allows Backpack EU to offer investment services and financial instruments to users across the EU. As regulatory clarity increases across jurisdictions, Backpack has taken a strategic step into Europe. Its MiFID II license ensures compliant operations and reinforces user protection.
With over 40 trading pairs available, Backpack EU enables trading in regulated perpetual contracts with leverage of up to 10x. The platform aims to fill a regulatory gap, as many derivatives exchanges lack licensing in Europe. B Backpack now offers fully compliant trading infrastructure for the European market.
Acquisition of FTX EU Ltd Completed
Backpack acquired FTX EU Ltd and rebranded it as Trek Labs Europe Ltd, doing business as Backpack EU. Following the acquisition, Backpack took over responsibility for handling claims from former FTX EU clients. Since May 2025, it has overseen the fund recovery and distribution process.
This move restored access to funds for affected users, reinforcing Backpack’s focus on trust and accountability. Backpack assumed full regulatory and operational control. The successful execution of these obligations set the stage for the current launch.
Backpack made it clear that it intends to rebuild confidence in the digital asset sector. By resolving legacy issues and launching a licensed exchange, the company demonstrated a long-term commitment. This transition helped establish a foundation for future operations in Europe.
Backpack Expands Global Crypto Trading Ecosystem
Backpack EU complements Backpack’s global infrastructure, which spans more than 150 countries. The company has handled over $170 billion in trading volume since 2024, offering regulated access to digital asset markets. Its services include Backpack Exchange, Backpack Wallet, and the Solana-based Mad Lads NFT community.
This ecosystem reflects Backpack’s broad vision beyond basic trading functions. The company continues to integrate self-custody, community engagement, and advanced products. By launching Backpack EU, it aligns its global mission with strict European compliance standards.
The new platform allows European users to access perpetual futures without regulatory uncertainty. Backpack ensures operational transparency, financial safeguards, and trading performance. This structure aims to attract both professional and retail users seeking compliant digital asset platforms.
Backpack now offers one of the few fully licensed derivatives exchanges tailored to European market demands. With operations starting under clear rules, the platform expects steady user growth and ongoing product expansion. Backpack’s regulated future in Europe has officially begun.
