Backpack EU Secures MiFID II License, Launches Derivatives

Backpack EU, formerly FTX EU and now operating as Trek Labs Europe, has secured a CySEC MiFID II license after acquiring FTX EU in early 2025 and settling potential FTX violations with a €200,000 fine. The platform has committed to full customer refunds and, under its MiFID II license, has launched one of Europe’s first fully regulated crypto derivatives markets. It now offers perpetual futures trading to European traders under CySEC oversight. This development enhances security, transparency and market credibility, reflecting growing regulatory maturity in the EU crypto sector. Traders can anticipate a broader product range, stronger governance and new opportunities within a regulated framework.