Loading...
Market
What will be Backpack Exchange's ranking by trading volume among European exchanges by mid-2025?
3
Resolution / Starting Odds
Top 5 • 25%
Top 10 • 25%
Top 20 • 25%
Below Top 20 • 25%
Trading volume data from cryptocurrency market analytics platforms
Story
Backpack Exchange Acquires FTX EU for $32.7 Million, Plans to Launch Regulated Perpetual Futures in Europe in Q1 2025
Jan 7, 2025, 09:04 AM
Backpack Exchange, founded by former FTX executives, has acquired FTX EU, the European arm of the now-defunct FTX platform, for $32.7 million. The acquisition, approved by the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC), enables Backpack to utilize FTX EU's MiFID II license to offer regulated crypto derivatives across Europe. Backpack plans to launch its European operations in the first quarter of 2025, starting with perpetual futures trading, aiming to fill the gap left by other exchanges exiting the region. The company also commits to returning all customer EURO funds held by FTX EU, prioritizing customer restitution as part of its strategy to rebuild trust in the industry.
View original story
Similar markets
More than $200 million • 25%
$100 million to $200 million • 25%
$50 million to $100 million • 25%
Less than $50 million • 25%
No • 50%
Yes • 50%
Margin trading • 25%
Spot trading • 25%
Other • 25%
Futures trading • 25%
No • 50%
Yes • 50%
Top 20 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 20 • 25%
Yes, Coinbase leads • 25%
Coinbase remains second • 25%
Coinbase falls to third or lower • 25%
No significant change • 25%
Less than 20% • 25%
More than 40% • 25%
30% to 40% • 25%
20% to 30% • 25%
Binance • 25%
Other • 25%
Upbit • 25%
Coinbase • 25%
Binance Smart Chain • 25%
Other • 25%
Ethereum • 25%
Solana • 25%
