FTX Europe
Backpack Opens Regulated Perpetuals Exchange in Europe After FTX EU Acquisition
Operating out of Cyprus and licensed under the European Union’s MiFID II framework, the exchange is positioning itself as one of the first fully regulated venues in Europe to offer crypto derivatives, starting with perpetual futures.
New FTX EU Owner Backpack Initiates Customer Claims Process
Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of KYC verification.
Coinbase Has Recently Held Talks to Buy FTX Europe: Fortune
This is part of Coinbase’s desire to expand its derivatives business, according to the article, which added that acquisition talks never reached a “late stage.”
FTX Bankruptcy Lawyers Ask Court for $323M Recovery From FTX Europe Leadership
Sam Bankman-Fried and the FTX Group had paid a total amount of approximately $323.5 million in return for the acquisition of Swiss Company DAAG which would ultimately come to be known as FTX Europe.
FTX EU Sets Up Website to Repay Users
The European arm had been in operation for only about eight months prior to the collapse of parent FTX.
FTX Has European License Suspended by Cyprus Regulator
The troubled exchange's European arm FTX EU has had its license in Cyprus suspended just two months after securing it.
US Bill Targets E-CNY; Russian Sanctions Hurting Public
Chainalysis launches free sanction screening tools. U.S. senators take aim at China’s digital yuan, while Russian sanctions highlight financial sovereignty issues. Tomorrowland to bring music to Web 3 with FTX Europe. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of The “Daily Forkast.”
