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Backpack, a crypto wallet and exchange popular among Solana users, has acquired FTX EU for $32.7 million.

In buying the defunct exchange’s European arm, Backpack — which was started by FTX and Alameda alumni — gets access to more than 110,000 former FTX EU users, Backpack CEO Armani Ferrante told me. On top of that, it inherits FTX EU’s European regulatory license that will let European users trade perpetual futures, which are very popular among crypto traders.

Ferrante said the deal was signed back in April of 2024, and Backpack spent the next eight months going through due…

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