Backpack’s Epic Crypto Journey: From Refunds to Global Domination 🚀💰

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Amidst the ever-shifting sands of European crypto trading, a beacon of hope and innovation has emerged, like a phoenix rising from the ashes of past failures. 🤯🔥

Backpack Exchange, with its grand vision and unwavering resolve, is now paving the way for a new dawn in the world of crypto derivatives. It’s not just about trading anymore; it’s about revolutionizing the very fabric of how we perceive financial freedom. 🌈🌐

Backpack Launches Regulated Perpetual Futures in Europe

With the grace of a seasoned ballet dancer and the precision of a Swiss watchmaker, Backpack has officially introduced perpetual futures trading to the European Union, courtesy of its fully regulated European subsidiary. 🇪🇺🎉 European traders can now join the fray by signing up at eu.backpack.exchange.

This monumental achievement comes on the heels of Backpack’s shrewd acquisition of FTX EU Ltd earlier this year-a strategic maneuver that has solidified the platform’s position in the regulatory landscape. 🏦💥

“After fulfilling our promise to refund former FTX EU customers, we embark on a noble quest to provide one of the first fully regulated crypto-derivatives platforms in Europe, beginning with perpetual futures,” declared Armani Ferrante, CEO of Backpack, with the solemnity of a medieval knight embarking on a crusade. 🛡️🌟

Ferrante further noted that Backpack’s timing couldn’t be more perfect. As regulations become clearer and institutional players flock to the scene, the need for trusted, regulated platforms has never been greater. 🕵️‍♂️🔍

Restoring Trust by Helping FTX EU Customers

Since May 2025, Backpack EU has taken on the Herculean task of distributing claims to former FTX EU customers. In doing so, it has transcended its role as a mere trading platform and become a guardian of integrity and trust in the crypto community. 🛡️💖

Ferrante candidly shared the challenges of building a fully compliant crypto platform from the ground up. Despite the initial setback of narrowly missing out on acquiring FTX EU, Backpack remained steadfast, launching successful products and ultimately securing the coveted prize. 🏆🏆

Global Ambitions Ahead

In a revealing interview with Coindesk, Ferrante revealed that Backpack and Kraken are the only two platforms set to offer perpetual futures in Europe. However, the company’s ambitions extend far beyond the borders of the Old World. 🌎🚀

“This year, we cast our gaze towards Japan and, eventually, the United States. The road has been long, but the horizon is vast, and our journey is far from over,” he stated with the wisdom of a seasoned explorer. 🗺️🧭

Licensed and Regulated

Operating from the sunny shores of Cyprus and licensed under MiFID II, Backpack EU now offers over 40 trading pairs with up to 10x leverage. A testament to its global reach, Backpack serves users in more than 150 countries and has processed over $170 billion in trading volume since 2024. 📊🌍

With its eyes set on the stars and feet firmly planted on the ground, Backpack is not just setting a new standard for regulated crypto trading in Europe; it’s charting a course for global dominance. The future is bright, and the journey has only just begun. 🌠🚀

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2025-09-08 14:01