Backpack EU Launches Regulated Crypto Derivatives Platform in Europe
- Backpack EU, operating as Trek Labs Europe, has launched a perpetual futures platform in Europe.
- The launch follows a settlement with the Cyprus Securities and Exchange Commission (CySEC), including a payment of €200,000 ($235,000) for regulatory violations.
- Backpack EU acquired FTX EU in early 2025 and began refunding former customers in May of the same year.
- The company operates under a MiFID II license reissued by CySEC in June after meeting compliance requirements.
- FTX EU’s CIF license was suspended by CySEC in November due to the collapse of its parent company.
The launch of Backpack EU’s regulated platform marks a significant step in restoring operations following the FTX collapse, aiming to provide compliant crypto derivatives trading options in Europe.
With its new perpetual futures platform and MiFID II authorization, Backpack EU is positioned to offer one of the first fully regulated crypto derivatives platforms in Europe.(Source)
