What is the Backpack Exchange?

Backpack is a centralized crypto exchange.

Backpack is a regulated centralized exchange (CEX) that operates in jurisdictions across the world.

streamlined KYC (Know Your Customer) process
Multi-Party Computation
low latency order execution

Spot trading is live with margin trading, derivatives, cross-collateral and other advanced trading features coming soon.

The Backpack Exchange is in Beta mode, register here.

Backpack Milestones

September, 2022	Coral Closes $20M Strategic Round From FTX Ventures and Jump Crypto To Build Backpack
April, 2023	Mad Lads NFT Collection Launched
October, 2023	Backpack Exchange Receives Approval for VASP License from the Dubai Virtual Asset Regulatory Authority
February, 2024	Solana-based Backpack Exchange Reaches $1B Daily Trading Volume 5 Days After Launching Pre-Season
February, 2024	Solana Veterans Raise $17M for 'Backpack' Crypto Wallet, Exchange
March, 2024	Backpack Launched Services in United Kingdom (UK)
March, 2024	Crypto Exchange Backpack Appoints Stripe, Banking Veteran as CFO
March, 2024	Bitcoin Trading Goes Live
May, 2024	Backpack Ecosystem Reach One Million Global Users
June, 2024	Backpack Passed Hacken Proof of Reserves Audit (First Externally Attested Proof of Reserves)
July, 2024	Backpack Exchange Names Seasoned Banking Executive as Head of Audit

Backpack Exchange is regulated.

Backpack operates on the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).

VARA is the worlds first independent regulator for virtual assets. They provide a framework for Backpack to operate transparently in all jurisdictions:

robust KYC requirements
investor safeguards
ongoing audits

Backpack Exchange is secure.

Backpack is built on a private blockchain that is designed specifically to run a crypto exchange.

Each deposit, withdrawal, order placement and cancel is agreed upon by independent nodes on the network.

Our standards are rigorous.
Our bar is high, and we are committed to not only do things right by the current financial rules, but to forge new paths for centralized institutions leveraging cryptography for trust minimization.
-Armani Ferrante, Backpack founder

Backpack Exchange is audited.

Backpack's smart contracts are routinely audited by external security researchers at OtterSec and other independent auditors.

Zero-knowledge proof of reserve smart contracts are undergoing their final review and will go live soon.

Do you have questions or require further information?

Please reach out to us at: support@backpack.exchange