The EU backpack, owned by the FTX EU – the former European arm of the Defunct Exchange FTX – is launching operations after repairing the Cyprus Securities and Exchange Commission (CSESEC).
I -backpack me, registered In Cysec as Trek Labs Europe, Monday announced on the launch of the Perpetual Futures platform in Europe, the company told Cointelegraph.
“After fulfilling our commitment to restore former FTX EU customers, we began our journey to provide one of Europe’s first -fully regulated platforms in Europe, starting with eternal futures,” backpack CEO Armani Ferrante said.
The announcement follows Getting FTX EU’s backpack In the early 2025 and backpack taking responsibility for distributing FTX EU customer claims from May 2025.
Running under a Mifid II license
EU’s Backpack Launch of Perpetual Futures builds with the consent of the company under the Markets in financial instruments Directive (MIFID II) Granted by the Cysec.
The Cysec reissued Mifid II’s license to Trek Labs Europe in June 2025 after company fixed Includes the regulator, paying a total of 200,000 euros ($ 235,000) for the “possible violation” of regulations linked to FTX.
Cypriot regulator suspended Cyprus Investment (CIF) license by FTX EU in November 2022 after The collapse of his global operating parent, FTX.
This is a story development, and further information will be added as it is available.
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