Backpack EU Launches Regulated Crypto Derivatives Platform Following CySEC Approval

Backpack EU, the operator of FTX EU, has launched its operations after resolving regulatory issues with the Cyprus Securities and Exchange Commission (CySEC). The company announced the launch of a perpetual futures platform in Europe following the settlement of claims from former FTX EU customers. This marks a significant step toward providing one of the first fully regulated crypto derivatives platforms in the region.