Backpack, a growing cryptocurrency platform, has acquired FTX Europe (FTX EU) to expand its operations across Europe. The move allows Backpack to tap into FTX EU’s existing licenses and infrastructure, enabling regulated crypto trading in the region. This acquisition comes as regulatory scrutiny intensifies, emphasizing compliance and consumer protection in crypto markets. Backpack aims to leverage FTX EU’s established presence to offer diverse trading products while enhancing user experience and trust. The deal marks a significant step in Backpack’s global expansion strategy, reinforcing its position as a competitive player in the cryptocurrency trading landscape.