The cryptocurrency exchange Backpack has officially launched a fully regulated platform for trading derivatives within the European Union. The new service is available through its European subsidiary, Backpack EU, which operates in accordance with strict regulatory requirements.
This is reported by Business • Media
Initial Futures and Key Trading Terms
The platform offers over 40 trading pairs with leverage options of up to 10x. The primary focus is on perpetual futures, allowing traders to manage their positions flexibly. Backpack EU operates under the MiFID II directive, ensuring compliance with European standards for protection and regulation.
The launch of the service was made possible following the acquisition of FTX EU Ltd in early 2025. Backpack not only integrated new assets but also took responsibility for refunding clients of FTX EU. By May 2025, the European division began processing relevant asset return requests.
Company Development Plans and Strategy
Backpack has announced plans to expand its range of financial instruments for traders in the EU in the future. The company aims to create one of the first fully regulated platforms for cryptocurrency derivatives trading in Europe, responding to the growing demand from institutional investors and retail users for safe and transparent venues.
“After fulfilling our promise to refund former clients of FTX EU, we are beginning our journey to create one of the first fully regulated platforms for cryptocurrency derivatives trading in Europe, starting with perpetual futures.”
Backpack’s management emphasizes that their entry into the EU market comes at a time of increasing regulatory demands and growing interest in cryptocurrencies from institutions. Despite this, traders still lack quality and regulated platforms, which has driven the launch of the new service.
In July 2025, Backpack also introduced a service for direct trading of claims against the bankrupt FTX exchange, enabling users to effectively manage their claims on this asset.