Backpack Unleashes Fully Regulated Perpetual Futures Trading for EU Crypto Traders

Europe's crypto landscape just got a major upgrade—Backpack launches regulated perpetual futures trading across the EU, giving traders institutional-grade tools without the usual regulatory runaround.

Why This Matters for EU Traders

Finally—a platform that doesn't treat regulation like a four-letter word. Backpack's new offering brings fully compliant perpetual futures to a market hungry for leveraged trading without the compliance headaches. No more hopping between unregulated offshore platforms or worrying about sudden regulatory crackdowns.

The Compliance Edge

While other exchanges treat EU regulations like optional suggestions, Backpack built its system from the ground up to work within MiCA frameworks. That means real-time monitoring, transparent reporting, and actual consumer protections—not just another 'trust us, we're decentralized' promise.

Timing Is Everything

This launch couldn't come at a better moment. With crypto volatility picking up and traditional finance still trying to figure out whether blockchain is a technology or a threat, traders now have a regulated venue to actually manage risk instead of just praying to the crypto gods.

Because nothing says 'mature market' like being able to go 100x long on memecoins with full regulatory approval—the financial purists must be thrilled.

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.

Backpack Launches Regulated Perpetual Futures in Europe

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. 

Restoring Trust by Helping FTX EU Customers

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, making it possible to return customer funds.

Global Ambitions Ahead

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.

Licensed and Regulated

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.