Backpack EU, the owner of FTX EU, is launching operations in Europe after settling with CySEC. They are providing one of the first fully regulated crypto derivatives platforms in Europe, starting with perpetual futures. The company acquired FTX EU in early 2025 and has been distributing customer claims since May 2025.

Operating under a MiFID II license, Backpack EU’s launch of perpetual futures is authorized by CySEC. The regulator reissued the MiFID II license to Trek Labs Europe in June 2025 after settling with the regulator for possible violations of regulations linked to FTX. FTX EU’s CIF license was suspended in November 2022 after the collapse of its parent company.

Read more at Cointelegraph: FTX EU Buyer Backpack Goes Live In Europe