CandleFocus Why is the Backpack move a game changer for FTX EU creditors?
2025-01-15
Author: Content Editor
Backpack Exchange has acquired FTX EU, the former European division of FTX. With this acquisition, Backpack's new EU arm will offer various crypto derivatives including perpetual futures in the European Union. Backpack EU will also distribute court-approved FTX bankruptcy claims to FTX EU customers. Additionally, Backpack EU will integrate traditional payment methods such as SEPA payments and wire transfers. Backpack Exchange aims to provide traders with advanced tools, a seamless trading experience, and flexible risk management options. It is important for FTX users to make their claims based on the date they signed up with FTX. Backpack believes that there is no dispute with FTX, as both parties are in agreement about the acquisition.
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