Crypto trading in Europe just got a major upgrade.
Backpack Exchange is opening new doors to opportunities that were once out of reach and is setting the stage for a new era in crypto derivatives.
The platform has officially launched perpetual futures trading in the EU, through its fully regulated European subsidiary. European users can sign up and start trading at eu.backpack.exchange.
This milestone follows Backpack’s acquisition of FTX EU Ltd earlier this year, a strategic move to strengthen the platform’s regulatory standing.
“After fulfilling our promise to refund former FTX EU customers, we commence our journey to provide one of the first fully regulated crypto-derivatives platforms in Europe, starting with perpetual futures,” said Armani Ferrante, CEO of Backpack.
Ferrante added that Backpack has entered Europe at the right time, when rules are becoming clearer, more institutions are joining in, but traders still lack regulated options.
Since May 2025, Backpack EU has also been handling the distribution of claims for former FTX EU customers. This makes it not just a trading platform, but a responsible player helping to restore trust in the space.
Ferrante explained that building a fully compliant crypto platform from scratch was not easy. After missing out on acquiring FTX EU initially, Backpack stayed focused, launched successful products, and eventually completed the acquisition.
In an interview with Coindesk, he said that only Backpack and Kraken will be offering perpetual futures in Europe.
The company is not just stopping here. “This year, we’re setting our sights on Japan and, eventually, the USA. It’s been a long journey, and there’s more ahead,” he said.
Backpack EU operates out of Cyprus and is licensed under MiFID II. It currently offers over 40 trading pairs with up to 10x leverage.
Backpack already serves users in more than 150 countries and has processed over $170 billion in trading volume since 2024.
Backpack is setting a new standard for regulated crypto trading in Europe and beyond, with plans for global expansion ahead.
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