News
Significance:
6/10

Backpack Opens Regulated Perpetuals Exchange in Europe After FTX EU Acquisition

https://www.coindesk.com/tech/2025/09/08/backpack-opens-regulated-perpetuals-exchange-in-europe-after-ftx-eu-acquisition

Margaux Nijkerk, Sheldon Reback

Mentions

Regions

Code
Name
EU
🇪🇺European Union
CY
🇨🇾CY

Sentiments

Target
Sentiment
Comment
Bullish
The launch of a regulated exchange in Europe positions Backpack as a trustworthy platform for crypto derivatives.
Bearish
Mentioned in the context of its collapse and the need to compensate affected users.