Backpack Acquires FTX EU, Crypto Derivatives Launch by Q1 2025

Backpack’s acquisition of FTX EU expands its services across the European Union. CEO Ferrante emphasizes swift restitution to rebuild trust in the crypto industry. FTX EU’s ownership history highlights multiple attempts before Backpack’s acquisition. Backpack, the crypto exchange founded by former Alameda Research and FTX employees, has acquired FTX EU . This acquisition allows Backpack to expand its services in the European Union with plans to offer crypto derivatives, including perpetual futures, starting in Q1 2025. Backpack to Handle FTX EU Customer Restitution A key part of this acquisition is Backpack’s commitment to handling the bankruptcy claims process for FTX EU customers. Backpack EU will distribute funds to these customers. CEO Armani Ferrante stressed the importance of returning customer funds quickly and securely. “Customer restitution is crucial to rebuilding trust in the industry,” Ferrante said. We're fully focused on working with all the relevant parties to return customer funds in the EU. It's our top priority. If you have an FTX EU claim, we'll announce next steps shortly. https://t.co/Wy2NBbSkRc — Armani Ferrante (@armaniferra… The post Backpack Acquires FTX EU, Crypto Derivatives Launch by Q1 2025 appeared first on Coin Edition .