Backpack EU, the owner of the former FTX EU, has launched a regulated perpetual futures platform in Europe following a settlement with the Cyprus Securities and Exchange Commission (CySEC). This move comes after the company fulfilled its promise to refund former FTX EU customers and is a significant step in establishing one of the first fully regulated crypto derivatives platforms in Europe. Backpack CEO Armani Ferrante highlighted the importance of this launch in delivering regulated options for crypto traders. The company operates under a MiFID II license granted by CySEC after resolving regulatory issues that included paying fines related to past violations associated with FTX. The regulatory framework and oversight are aimed at increasing trust and safety in crypto trading for European customers. This development is part of Backpack's ongoing commitment to providing secure trading environments following the tumultuous dissolution of FTX.

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