“Opeting Out of Cyprus and Licensed Under the European Union’s Mifid II Framework, The Exchange Is Positioning Itself as One of the First Fully Regled Venues in the Europe, St. Perpetual Futures.”, – WRITE: www.coindesk.com
Opeting Out of Cyprus and Licensed Under the European Union’s Mifid II Framework, The Exchange Is Positioning Itself as One of the First Fully Regled Venues in the Europe, St. Perpetual Futures.
“AS FAR AS I’M Aware, It’s Just Going to Be Us and Kraken” in Europe Offering Perpetual Futures, Armani Ferrante, The CEO of Backpack, Said in An Interview with Coindesk.
The Debut Follows Backpack’s Acquisition of FTX Eu Earlier this year. In January, The FTX Bankring Estate Said the Sale of FTX EU to Backpack Was Not Authorized. SINCE THEN, The Issue Has Been Resolved and In April the Exchange Began Distributing Funds to Former FTX Eu Customers, Fulfilling Their Pledge to Compensate USers Affected BY SAMAPSE. Empire.
Backpack Eu Will Provide USers Access to Over 40 Trading Pairs with Up To 10x Leverage, The Team Said in A Statement. The Platform Says It Aims to Give Both Retail and Institutional Traders a Compliment Gateway to Advanced Crypto Trading Products.
The Rollout Also Highlights Backpack’s Broader Strategy of Rebuilding Trust in Digital Assets Following A String of Exchange Failures.
“You give trust by doing good Things every day over a Long Period of Time. It’s Compounded,” Ferrante Said. “It Takes Time to Build Trust and A Single Day to Lose It. And So I Think, Ultimately, Our Approach Has Always Been to Just Tru to Better Everi Daya and theater.
Part of that strategy is taping into its proof-of-reserves system. Ferrante Says the Exchange Publishes Its Validtors’ Attestations Daily Using Zero-Knowledge Proofs. “IT SHOULD BE A BAR. YOU CAN DO THIS EVERY DAY, THERE’S NO REASON WHY YOU CAN’T,” HE Said.
Since 2024, The Company SAID IT HAS PROCESSED MORE THAN $ 160 Billion in Trading Volume Globally.
The Team Also Plans to Expand in Other Regions.
“We’re work on the exact Same Thing Here in Japan,” Ferrante Said. “That’s Probably Going to Be Our Next Place That We Turn Our Eyes to With Respect to Licensing.”
Read More: New FTX EU OWner Backpack Initiates Customer Claims Process
The Blockstream CEO SAYS IMAGE INSRIPTIPATIONS UNDERMINE BITCOIN’S ROLE as Money and Offer Miners Only a Negligible Profit in Return.
- Adam Back, Blockstream CEO and Bitcoin Pioneer, Says “JPEG SPAM” Undermines Bitcoin’s Monetary Purpose.
- More than 105 Million Images Are Now Inscrified On Bitcoin, up 20% Since May.
- Associated Fees Total AUND 7,000 BTC ($ 700m AT $ 100k/BTC).
- Back Argues Mines Gain Only ~ 0.1% Profit, Outweighed by Reputation and Adoption Risks.
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