TechFlow, April 1 — According to official announcements, Backpack, a globally compliant cryptocurrency asset trading platform, has officially completed the acquisition of FTX EU. Effective immediately, Backpack EU has initiated the asset recovery procedure and fund distribution process, offering clear and convenient fund return services for former FTX EU users to help them reclaim previously frozen fiat assets.
Following this acquisition, Backpack will reactivate the licenses previously held by FTX EU and will offer comprehensive cryptocurrency derivatives trading services across the European Union in the future.
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