Backpack Exchange, a Hanover, Germany-based regulated global cryptocurrency exchange, announced the acquisition of FTX EU, the MiFID II-licensed former European arm of FTX.
The amount of the deal was not disclosed.
With the acquisition, Backpack will further enhance its global expansion and commitment to delivering secure, regulated trading solutions across Europe.
Led by CEO Armani Ferrante, Backpack Exchange is a fully regulated global cryptocurrency exchange building a trading platform for both experienced and new web3 users worldwide. It currently serves users from over 150 countries and regions with more than $60 Billion in trading volume.
In addition to compliant product offerings, Backpack EU will provide integrations with traditional payment rails including instant, low-cost Single Euro Payments Area (SEPA) payments and wire transfers in major currencies across the region.
FinSMEs
07/01/2024