Backpack Exchange successfully acquires FTX EU, expanding regulated crypto trading across Europe
Acquiring Company
Backpack Exchange
Acquired Company
FTX EU
San Bernardino
LimassolFinancial ServicesBlockchainCryptocurrencyFinancial ServicesFinanceDescription
Backpack Exchange, a fully regulated global cryptocurrency exchange, has acquired FTX EU, the MiFID II-licensed former European arm of FTX. This acquisition expands Backpack's presence within the European Union and allows the offering of a full suite of crypto derivatives, including perpetual futures, to an underserved market.
Quick answer
Backpack Exchange is acquiring FTX EU, announced January 7, 2025. Backpack Exchange is based in San Bernardino, California, United States.
- How much did Backpack Exchange pay for FTX EU?
- The deal value was not disclosed.
- What does Backpack Exchange do?
- Backpack Exchange is a fully regulated global cryptocurrency exchange building an innovative, easy-to-use and compliant trading platform for both experienced and new web3 users worldwide.
- Where are Backpack Exchange and FTX EU based?
- Backpack Exchange is based in San Bernardino, California, United States. FTX EU is based in Limassol, Cyprus, Cyprus.
- Who are the decision-makers at Backpack Exchange?
- Fundz holds 2 contacts at Backpack Exchange. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Backpack Exchange, and when
When Backpack Exchange changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Backpack Exchange raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Backpack Exchange, from your own LinkedIn network
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Frequently asked
Who acquired FTX EU?
FTX EU was acquired by Backpack Exchange, based in San Bernardino. The deal was reported on January 7, 2025. Backpack Exchange is a fully regulated global cryptocurrency exchange building an innovative, easy-to-use and compliant trading platform for both experienced and new web3 users worldwide. Backpack Exchange is privately held and operates in Financial Services.
When did Backpack Exchange acquire FTX EU?
Backpack Exchange's acquisition of FTX EU was reported on January 7, 2025. Backpack Exchange, a fully regulated global cryptocurrency exchange, has acquired FTX EU, the MiFID II-licensed former European arm of FTX. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does FTX EU do?
FTX EU is a developer of a cryptocurrency derivatives exchange platform designed for Web3 users. It is privately held, operating in Financial Services, and is based in Limassol.
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