#181

Backpack

CeFi+1 · Centralized Exchange+1

BP#181

Mcap$236M

$0.9444.44%

· Series A

Overview Monitoring Markets News More

Spot Volume (24H)

$5.97M+202.75%

Marketcap

$236M

FDV

$946M

Mindshare

Medium

Metrics (24H)

13 Notable Posts

Circ. Supply

250.0M

Sentiment

24H

Max Supply

1.0B

Mcap/FDV

24.94%

Total Supply

1.0B

Sector Ranking

Futures Volume

$720.04K

Open Interest

$492.47K

Volatility (30D)

114.61%

Backpack Exchange is a Solana-based trading platform holding a Virtual Asset Service Provider license from Dubai's Virtual Assets Regulatory Authority. It aims for security and compliance, featuring zero-knowledge proof of reserves, Multi-Party Computation for custody, and quick order execution. Alongside its exchange, Backpack offers a noncustodial wallet supporting cryptocurrencies and xNFTs interaction, and the NFT collection Mad Lads.

Sector

CeFi

Sector Rank

#20, #9

Sub-Sector

Centralized Exchange

Sub-Sector Rank

#6, #1

Contracts

API ID

Resources

Social

Content

Analytics

Project Exchanges

Armani Ferrante

Lifetime Price Performance +259.80%

All Time High

$1.66-43.27%

Oct 01, 2026

Cycle Low

$0.922+2.46%

Oct 15, 2026

First Trade

Mar 23, 2026 on

Orca (whirlpool)

BP Chart

All Charts

$0.944

22.20% Past Month

Price

$0.94422.20%

Mindshare

0.2%38.67%

More Charts

Spot Volume (24H)

$5.97M+202.75%

Marketcap

$236M

Mindshare

Medium

Sentiment Chg

24H

All News

Create Your Own Report

Last Updated: Oct-29-2026 11:32 UTC

Backpack Project Update

Get Caught Up

Backpack's Entry into Tokenized U.S. Equities via Superstate Backpack partnered with Superstate to enable trading of native, SEC-registered tokenized stocks directly onchain, moving beyond custodial wrappers like xStocks 1 2. The integration allows eligible non-U.S. users to trade real shares of companies like Apple and Tesla alongside crypto and stablecoins, with these equities conferring direct ownership, voting, and dividend rights settled entirely onchain via Superstate's SEC-registered transfer agent 1. This matters because it positions Backpack as a bridge between traditional markets and crypto trading, expanding access to traditional equities for crypto-native investors and improving margin trading opportunities 1 2.

Backpack EU Launch and U.S. Expansion Plans Backpack EU officially launched as the rebranded European arm of Backpack Exchange, becoming one of the first regulated platforms in Europe to offer crypto derivatives with perpetual futures at up to 10x leverage and over 40 trading pairs 3 4. The platform operates under a CySEC license and follows Backpack's acquisition of FTX EU in January 2025, with the aim of rebuilding trust in crypto trading post-FTX collapse 3 4. Separately, Backpack's CEO announced plans to launch in "many" U.S. states within 2025, signaling ongoing efforts to increase accessibility amid regulatory and market challenges 5.

Backpack EU as Rebranded FTX EU Backpack EU launched after nearly nine months of rebranding, becoming one of the first regulated platforms in Europe to offer crypto derivatives, initially in private beta with only 100 daily slots 3. Backpack Exchange completed the repayment of FTX EU customer funds following a dispute resolution, with a claims verification process launched on April 1 3. CEO Armani Ferrante noted that Backpack EU is now among the few regulated exchanges in Europe offering derivatives, alongside Kraken 3.

Biggest Stories of 2025

Solana Breakpoint 2025 and Grid Bots launch: The main focus of December was Solana Breakpoint 2025 in Abu Dhabi, where Backpack launched its highly anticipated Grid Bots feature alongside new security features like customizable withdrawal delays, and Backpack Exchange reached $250 billion in total perp trading volume during Season 4 6. (December 2025)
Superstate tokenized stocks integration: Superstate enabled direct issuance of SEC-registered shares on Ethereum and Solana, with Backpack planning to list these natively tokenized U.S. equities through its Superstate integration, initially focusing on non-U.S. access 7. (December 10, 2025)
Mad News November recap: Backpack Wallet received a long-awaited upgrade, Season 4 began focusing on liquidity solutions like high-frequency trading and vaults, and the platform marked the end of Season 3 with over $300 billion in trading volume while outlining plans for a comprehensive "money app" ecosystem 8. (November 24, 2025)
Backpack EU launch: Backpack EU officially launched as a rebranded FTX EU, becoming one of the first regulated platforms in Europe to offer crypto derivatives with perpetual futures at up to 10x leverage and over 40 trading pairs 3 4. (September 8, 2025)
U.S. expansion announcement: Backpack's CEO announced plans to launch in "many" U.S. states within 2025, signaling ongoing efforts to grow the exchange's U.S. presence 5. (September 10, 2025)
Backpack EU launch in Europe: Backpack launched in Europe, reaching new all-time trading volumes of $1.5B in 24 hours, introduced new listings including XRP and Shiba Inu, and implemented transparent proof-of-reserve checks via OtterSec 9. (September 2025)
Aptos support: Backpack Exchange added support for the Aptos network 10. (August 22, 2025)
Sei Network support: The Backpack Wallet added support for the Sei Network 11. (July 31, 2025)
Season 2 launch: Backpack Season 2 launched on July 3rd, facing initial technical challenges due to a programming error but ultimately recovering with user funds safe and affected traders reimbursed; the platform also introduced the DeFi Explorer feature 12. (July 2025)
Sui support: The Backpack Wallet added support for the Sui blockchain, enabling new DeFi and NFT projects, including a campaign with Suilend offering $SEND rewards 13 14. (May 13, 2025)
Sonic SVM support: The Backpack Wallet added support for Sonic SVM, a Solana L2 15. (February 27, 2025)
Futures trading public beta: Backpack introduced a public beta for futures trading 16. (February 2025)
FTX Europe acquisition: Backpack acquired FTX Europe and its MiFID II exchange license, allowing for perpetuals trading in Europe, which caused the Mad Lads NFT floor price to surge 19% 17. (January 7, 2025)