European backpack tour organizer introduces a deadline-regulated platform for bookings

After acquiring FTX EU earlier this year, Backpack Exchange has officially launched a regulated perpetual contracts platform in Europe, marking a significant entry into the European market. This move is set to restore trust and offer advanced trading options to the European market, which has a history of failed exchanges.

The launch of Backpack's platform prioritizes user protection, as it has been assisting former FTX EU users in recovering their lost funds since April. The company is verifying identities and distributing court-approved funds to affected users. This recovery program demonstrates Backpack's commitment to its community and could attract new users who value platforms that prioritize the community.

By addressing past losses, Backpack is not only helping users recover their funds but also instilling confidence. The launch shows that crypto platforms can achieve success responsibly and securely, setting a positive example for the industry.

Backpack obtained a MiFID II license through the acquisition of FTX EU, enabling it to legally offer crypto derivatives across the European Union. This license, issued by the Cyprus Securities and Exchange Commission (CySEC), allows Backpack EU, registered as Trek Labs Europe, to operate within the European Economic Area.

The regulated platform aims to restore trust in the European market, which could attract users who value security as much as opportunity. European investors now have access to established and reliable platforms, potentially making Backpack a significant player in Europe.

Backpack's approach combines innovation with responsibility, demonstrating that crypto platforms can grow responsibly while prioritizing user trust and transparency. The sector will closely watch the exchange's performance and whether Backpack maintains a user-focused approach as it grows.

The European market could see other exchanges adhering to rules and improving their services as a result of Backpack's entry, thereby strengthening the market. This well-planned strategy by Backpack, utilizing FTX EU's license and infrastructure, reflects a commitment to providing a secure and reliable trading experience.

Backpack's platform encourages long-term participation by providing a secure and reliable trading experience, fostering an active and engaged community. The launch comes after FTX's European subsidiary, FTX EU, was acquired by Backpack in early 2023.

In conclusion, the launch of Backpack's regulated perpetual contracts platform in Europe is a significant step towards restoring trust and offering advanced trading options to the European market. The company's commitment to user protection, recovery of lost funds, and regulatory compliance sets a positive example for the crypto industry.

European backpack tour organizer introduces a deadline-regulated platform for bookings