A new trading platform has commenced perpetual futures trading in the European Union, having successfully honored its commitment to refund individuals affected by the bankruptcy of a major crypto exchange.
Currently, the platform is still in its Beta phase, requiring potential users to register for a waitlist to access its services. The timing of this launch coincides with a period when international regulators are establishing clearer compliance guidelines for the crypto sector, and financial institutions are increasingly adopting cryptocurrency solutions. Despite this progress, many traders still lack access to regulated platforms tailored to meet their needs.
The exchange offers a selection of 40 trading pairs for perpetual futures, providing up to 10x leverage on trades. Unlike traditional futures contracts, perpetual futures do not have a set expiration date. Instead, they can be held indefinitely, utilizing a unique funding rate mechanism where regular exchanges of payments occur between long and short traders. This innovative structure keeps prices aligned with the spot market and facilitates ongoing speculation and leverage without requiring the rollover of contracts.
In 2025, the platform successfully acquired the European arm of the now-defunct crypto exchange and reports suggest the transaction was valued at approximately $32.7 million. Post-acquisition, it assumed the responsibility of returning funds to customers who were affected by the former exchange’s collapse, enabling the processing of claims for distressed clients.
Since the beginning of the year, efforts have been made to distribute claims to those impacted by the prior exchange’s insolvency. Alongside this new platform’s operations, other prominent crypto entities have also made strides to introduce perpetual futures in Europe. For instance, a well-known exchange obtained a MiFID II license after acquiring a broker in Cyprus and subsequently launched crypto derivatives earlier in the year. Another major player in the industry has also secured a broker in Cyprus, although it has yet to introduce any products under its European license.
As the cryptocurrency landscape continues evolving, regulatory clarity and the entry of established brands into the market appear to be paving the way for further growth and innovation in the sector. The introduction of perpetual futures trading is seen as a significant step towards meeting the needs of traders while also providing them access to regulated platforms in the EU. The ongoing developments indicate a renewed focus on rebuilding trust and reliability in the cryptocurrency market following significant upheaval.
This new trading platform aims to provide a reliable service for EU users, positioning itself to cater to current demands for regulated trading environments while enhancing customer experience.