Backpack EU Launches With Regulated Crypto Futures in Europe
Backpack EU debuts in Europe with regulated crypto futures trading, plans expansion to Japan.
- Backpack EU launches as a regulated crypto exchange in Europe
- Offers compliant perpetual futures trading to European users
- Eyes expansion with regulatory approval underway in Japan
Backpack Exchange has officially launched its European subsidiary, Backpack EU, marking a major milestone in its global expansion strategy. Formerly known as FTX EU Ltd, the rebranded entity is now fully operational and offers regulated perpetual futures trading for users across Europe.
This development positions Backpack EU as one of the few crypto exchanges in the region offering derivatives trading in full compliance with local financial regulations. As regulatory scrutiny tightens around the world, Backpack’s ability to meet these requirements underscores its commitment to providing a safe and legal trading environment for its users.
Regulated Futures for European Traders
The launch of Backpack EU comes at a time when European traders are actively seeking platforms that offer secure and regulated access to crypto derivatives. By inheriting and transforming the structure of FTX EU Ltd, Backpack has gained a rare regulatory edge in the European market.
Armani Ferrante, CEO of Backpack, emphasized the significance of this move, highlighting that compliance and transparency are core to the company’s mission. With Backpack EU, traders in the European Economic Area (EEA) now have access to perpetual futures products within a fully licensed framework.
Japan Could Be the Next Stop
In addition to the European expansion, CEO Armani Ferrante revealed that the Backpack team is actively working toward regulatory approval in Japan. This suggests the company’s ambition to tap into Asia’s sophisticated crypto markets next.
Japan, known for its strict but clear crypto regulations, represents both a challenge and an opportunity for crypto firms looking to scale. Backpack’s push into Japan further reflects its strategy to become a globally recognized and compliant crypto exchange.
With strong momentum in Europe and eyes set on Asia, Backpack Exchange is proving to be a serious contender in the evolving crypto trading landscape.
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