#Backpack Acquires FTX EU#
Hot Topic Overview
Overview
Backpack Exchange, founded by former FTX and Alameda Research employees, has acquired FTX EU, the European arm of the exchange that collapsed at the end of 2022. The acquisition comes as Bitcoin and Ethereum ETFs saw inflows exceeding $1 billion, helping Bitcoin briefly reclaim the $10,000 level before pulling back on Tuesday.
Ace Hot Topic Analysis
Analysis
Backpack Exchange, founded by former FTX and Alameda Research employees, has acquired FTX EU, the European arm of the exchange that collapsed in late 2022. The acquisition marks Backpack Exchange's attempt to carve out a space in the cryptocurrency market and leverage FTX EU's European user base. Meanwhile, inflows into Bitcoin and Ethereum exchanges have surpassed $1 billion, with U.S. spot Bitcoin and Ethereum ETFs attracting over $1.1 billion in net inflows on Monday, helping Bitcoin briefly reclaim the $10,000 level before pulling back on Tuesday. These inflows indicate continued investor interest in the cryptocurrency market, despite the negative impact of the FTX collapse. CFTC Chairman Rostin Behnam will step down on January 20, with his last day at the agency set for February 7.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Backpack Exchange acquired FTX EU, the European arm of FTX, which collapsed at the end of 2022.
Backpack Exchange was founded by former FTX and Alameda Research employees.
US spot Bitcoin and Ethereum ETFs attracted over $1.1 billion in net inflows on Monday.
CFTC Chairman Rostin Behnam will step down on January 20, with his last day at the agency set for February 7.