Backpack EU perpetual futures platform launched in Europe after Trek Labs Europe (Backpack EU) settled with CySEC and received a reissued MiFID II license; the regulated venue opens with perpetual futures trading and follows reimbursement of former FTX EU customers.
Regulated launch: Backpack EU begins regulated perpetual futures trading under a CySEC‑reissued MiFID II license.
Company settled regulatory issues with CySEC and refunded former FTX EU customers before launch.
CySEC imposed a €200,000 settlement; Backpack acquired FTX EU and will operate as Trek Labs Europe across Europe.
Backpack EU perpetual futures platform launches under MiFID II after CySEC settlement; read details on refunds, regulatory status, and what traders need to know.
Backpack EU, owner of the former FTX EU, launches a regulated perpetual futures platform in Europe after settling with the Cyprus regulator and securing a MiFID II license.
What is the Backpack EU perpetual futures platform?
Backpack EU perpetual futures platform is a regulated European crypto derivatives venue opened by Trek Labs Europe (Backpack EU) after a CySEC settlement and reissuance of a MiFID II license. It offers perpetual futures trading to European clients and follows the refund process for former FTX EU customers.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
How did Backpack EU secure a MiFID II license and resolve CySEC issues?
Backpack EU (registered as Trek Labs Europe) settled with the Cyprus Securities and Exchange Commission (CySEC) and paid €200,000 for possible regulatory violations linked to FTX. CySEC reissued the MiFID II authorization in June 2025, allowing Backpack to operate regulated crypto derivatives in Europe.
What does this mean for former FTX EU customers?
Backpack EU took responsibility for distributing FTX EU customer claims in May 2025 and completed refunds before launching the new platform. This repayment was a condition cited by the company and regulators prior to resuming operations under a regulated framework.
How will the platform operate and what instruments are available?
The initial product set focuses on perpetual futures, a derivatives instrument that tracks an underlying asset without expiry. The platform will operate under MiFID II compliance rules and local EU investor protections, with trade execution and margining governed by Trek Labs Europe policies.
Who leads Backpack EU and what did executives say?
Backpack CEO Armani Ferrante stated the company is “providing one of the first fully regulated crypto derivatives platforms in Europe, starting with perpetual futures.” The statement emphasizes a regulated approach and prior customer reimbursements as foundational steps.
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Yes. Trek Labs Europe (Backpack EU) received a reissued MiFID II license from CySEC in June 2025, enabling regulated perpetual futures trading across applicable EU jurisdictions under MiFID II rules.
Backpack EU stated it fulfilled refunds for former FTX EU customers before launching the perpetual futures platform and assumed responsibility for distributing FTX EU customer claims.
CySEC required Backpack (Trek Labs Europe) to pay €200,000 for possible regulatory violations linked to FTX; the settlement preceded reissuance of the MiFID II authorization.
The Backpack EU perpetual futures platform launches under a reissued MiFID II license after a CySEC settlement and customer refunds, marking a regulated re-entry of the former FTX EU infrastructure into European crypto derivatives markets. Watch for further regulatory disclosures and product rollouts as Trek Labs Europe expands services.
‘
];
var adplace = document.getElementById(“ads-htx”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex;
adplace.innerHTML = adscodesHtx[adsindex];
sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexHtx”, sessperindex);
}
})();