Reported 2 days ago
Backpack Exchange has acquired FTX EU, the European subsidiary of the now-defunct crypto trading firm founded by Sam Bankman-Fried, for $32.7 million. The deal allows Backpack to leverage its MiFID II license to offer a range of regulated crypto derivatives across Europe, positioning itself as a leading provider of perpetual futures. CEO Armani Ferrante plans to launch these products in early 2025, aiming to fulfill a gap in the market for such offerings.
Source: YAHOO