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Backpack Launches Regulated Perpetuals Exchange in Europe

Backpack Launches Regulated Perpetuals Exchange in Europe

Backpack has officially rolled out Backpack EU, formerly FTX EU, enabling private beta access and fund claims for former FTX EU customers.

Fact Check
The statement is directly and strongly confirmed by multiple recent news reports and a press release from Backpack Exchange itself. Evidence from PR Newswire (Source 10), Coindesk (Source 7), and TradingView/Cointelegraph (Source 4) explicitly states that Backpack EU is 'officially live' and has 'launched' its regulated perpetual futures trading platform in Europe. Earlier articles from January 2025 discuss the plan to launch, and the most recent articles confirm the launch has now occurred.
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Summary

Backpack has launched Backpack EU, the rebranded entity formerly known as FTX EU, and opened its private beta testing. The update allows former FTX EU customers to claim their euro funds through the new platform, following Backpack’s acquisition of FTX EU. This development marks a continuation of Backpack’s integration of the former exchange while providing regulated services in Europe.

Terms & Concepts
  • Perpetuals (Perps) Exchange: A trading platform that offers perpetual futures contracts, which are derivatives without an expiration date.
  • FTX EU: The European division of the collapsed FTX crypto exchange, later acquired by Backpack.
  • Asset Recovery: The process of returning or compensating customers for funds or assets lost during insolvency or exchange collapse.