Backpack returns crypto trading to Europe through the purchase of FTX EU for $32 million

Backpack crypto exchange, founded by former employees of FTX and Alameda Research, acquired FTX EU for $32 million. The transaction was approved by the FTX bankruptcy court and the CySEC (Cyprus Securities and Exchange Commission) regulator, which opens up new opportunities for crypto trading in the European Union.

The purchase of FTX EU for $32 million allows Backpack to return crypto trading to Europe and strengthen its position in the market. The MiFID II license and the commitment to return funds to customers create a basis for trust and long-term growth, which makes this step an important event for the entire crypto industry in the EU.