M&A Deal Summary

Backpack Exchange Acquires FTX EU

On January 7, 2025, Backpack Exchange acquired internet software and services company FTX EU

Acquisition Highlights
  • This is Backpack Exchange’s 1st transaction in the Internet Software and Services sector.
  • This is Backpack Exchange’s 1st transaction in Cyprus.

M&A Deal Summary

Date 2025-01-07
Target FTX EU
Sector Internet Software and Services
Buyer(s) Backpack Exchange
Deal Type Add-on Acquisition

Target

FTX EU

Limassol, Cyprus
FTX EU is a developer of cryptocurrency exchange platform. FTX EU is based in Limassol, Cyprus.

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Buyer(S) 1

Buyer

Backpack Exchange

Chicago, Illinois, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Backpack Exchange offers a globally regulated exchange with a strong focus on compliance and a self-custodial wallet and browser extension. Backpack Exchange is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Cyprus M&A 1 of 1
Year: 2025 M&A 1 of 1