Loading, Please wait...
Backpack Exchange
Backpack Exchange is a regulated crypto exchange with advanced trading, Web3 integration, and custody features.
Company Info
Backpack Exchange is a crypto exchange built with a strong focus on speed, transparency, and user control. It launched in 2022 and runs as a regulated centralized exchange (CEX), while also bringing in Web3 elements, self-custody features, and institutional-grade trading infrastructure. It is part of the Backpack ecosystem, which includes the Backpack Wallet and the Mad Lads NFT collection. This setup brings together trading, NFTs, and decentralized apps in one area. Backpack Exchange positions itself as a compliant and transparent crypto trading platform for the future, with regulatory backing including a VARA license in Dubai, and aims to grow globally.
Key Features of Backpack Exchange:
-
- MPC and proof-of-reserves are used to maintain the security and transparency of finances.
- Supports several chains, including Arbitrum, Solana, Ethereum, and Polygon.
- Permits idle assets to be automatically lent to generate passive income.
- Combines xNFTs and NFTs to create interactive Web3 experiences.
- Provides competitive trading fees, tight spreads, and substantial liquidity.
- Includes a points and rewards system with possible airdrop advantages.
- Uses a lightning-fast matching engine to enable low-latency trading.
- MPC and proof-of-reserves are used to maintain the security and transparency of finances.
Backpack Exchange Milestones
| Year | Achievements |
| 2022 | Founded by Armani Ferrante and Tristan Yver, they launched the Backpack Wallet. |
| 2023 | Secured a VARA License as a Virtual Asset Service Provider (VASP) from Dubai’s Regulatory Authority in October. |
| Opened the regulated exchange for beta testing in November. | |
| Built strong ecosystem synergies with the Mad Lads community and Backpack Wallet using the xNFT standard. | |
| 2024 | Raised $17M in Series A funding at a $120M valuation, led by Placeholder VC with Hashed and Robot Ventures. |
| 2025 | Launched Backpack EU in September with regulated perpetual futures in Europe |
| Opened a public beta for Futures and partnered with Superstate to bring tokenized RWA (Real World Assets) on-chain |
FAQs
Company Details
Launch Date
Jan-2022
Company Size
Medium (51-250)
Contact Details
Social Media
Primary Category
- Centralised Exchange
- Hosted
- Sponsored
- Media Partnered
Result Not Found
The requested search filter did not yield relevant results.
- Funding
- Investment
- Revenue
| # | Investor Name | Investor Category | Funding Date | Funding Round | Invested By | Fund Raised |
|---|---|---|---|---|---|---|
 No Records data foundOops, it’s quiet here! No funding list yet. | ||||||
Company Insights & Details
Get a complete snapshot of the company’s foundation, valuation, employees, business model, recent posts, and social media presence. These insights help you evaluate its operations, growth, and public footprint. If something needs to be updated,Notify Us
Similar Companies
SunCrypto
SunCrypto is an India-based crypto exchange for trading, staking, and investing in digital assets with INR.
-
Flipster
Flipster is a crypto derivatives trading platform for perpetual futures, copy trading, and passive income.
-
Lemon Cash
Lemon Cash is a crypto fintech app for buying, selling, and using digital assets with fiat payments.
-
Track Your Portfolio