Crypto Exchange and Wallet Backpack Acquires FTX’s European Arm for $32,000,000
2025-07-03 23:40:08
Description
Backpack Exchange, a crypto trading platform founded by former FTX and Alameda Research employees, is acquiring FTX EU for $32 million. According to a new announcement from the European-based crypto exchange and wallet Backpack, the exchange has bought out the European arm of FTX. “Backpack has acquired FTX EU and its MiFID ( Markets in Financial Instruments Directive ) II License. Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full...
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