Backpack Exchange Gbabaye si FTX EU Creditors lati Fa owo Euro Leyin Ti Won Ra, Won Gbero Siwaju ninu Crypto Derivatives ni Europe
Backpack Exchange don start processing euro withdrawals for eligible FTX EU creditors afta dem buy FTX EU in January 2025. Dis one make Backpack di main place to share di former exchange remaining customer money as FTX EU dey restructure. To collect dia money, users must create Backpack account and finish KYC verification, to make sure dia identity match with dia previous FTX EU records; if e no match, dem go need to settle am with support services. Di claims process open for April 1, and dem no announce official deadline for submission yet. Only users wey register with FTX EU on or afta March 7, 2022, sabi qualify, and others must check di original terms of service. Di acquisition aim to expand Backpack crypto derivatives trading for Europe, but di transfer still under legal eye as di FTX estate dey contest di ownership. Although di recovery process give hope for affected users to claim back frozen funds, di final recovery percentage and payout timeline still unknown. Dis development fit improve market feeling for former FTX EU users and influence regional crypto trading, especially for European markets.
Neutral
Dis news allow some FTX EU customers wey qualify to take out some of dia frozen euro money, wey fit make confidence small among pipo wey dey claim moni and give former customers some relief for dia area. But, some main tings wey make market shake still dey—like court wahala about the buy-out, no clear percentage of how much dem go get back, and no date for payment. Only small number of users fit access am, and dem no give any details about how e go affect the whole crypto market money or prices. So, even though e be good development for small group, e no mean say e get strong bullish or bearish effect on the whole crypto market.