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	<title>Backpack exchange Archives - Coin Engineer</title>
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	<title>Backpack exchange Archives - Coin Engineer</title>
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		<title>Backpack’s New Move: IPO Allocations Are Now On-Chain!</title>
		<link>https://coinengineer.net/blog/backpacks-new-move-ipo-allocations-are-now-on-chain/</link>
					<comments>https://coinengineer.net/blog/backpacks-new-move-ipo-allocations-are-now-on-chain/#respond</comments>
		
		<dc:creator><![CDATA[Haciyev Reşit]]></dc:creator>
		<pubDate>Thu, 05 Mar 2026 07:37:39 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Backpack]]></category>
		<category><![CDATA[BackPack ecosystem]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[crypto market]]></category>
		<category><![CDATA[cryptocurrencies]]></category>
		<category><![CDATA[cryptocurrency]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=64924</guid>

					<description><![CDATA[<p>As crypto infrastructure projects continue to bridge traditional finance and the blockchain world, Backpack has taken a notable step forward. Through a new integration with Superstate, the platform plans to move Initial Public Offering (IPO) allocations on-chain. With this initiative, users will be able to access IPO allocations through the Backpack platform on Solana before</p>
<p>The post <a href="https://coinengineer.net/blog/backpacks-new-move-ipo-allocations-are-now-on-chain/">Backpack’s New Move: IPO Allocations Are Now On-Chain!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>As crypto infrastructure projects continue to bridge traditional finance and the blockchain world, <strong>Backpack </strong>has taken a notable step forward. Through a new integration with <strong>Superstate</strong>, the platform plans to move Initial Public Offering (IPO) allocations on-chain. With this initiative, users will be able to access IPO allocations through the Backpack platform on Solana before company shares begin trading on traditional exchanges. This development is seen as an important step in integrating blockchain technology with traditional financial markets. It may also allow retail investors to gain earlier access to IPO opportunities.</p>
<p><a href="https://backpack.exchange/signup?referral=coinmuhendisi">Click here to register for the Backpack exchange at a discounted rate.</a></p>
<h2 data-start="658" data-end="719">What Will the Backpack and Superstate Partnership Provide?</h2>
<p data-start="721" data-end="1072"><strong>Backpack</strong> CEO Armani Ferrante stated that the partnership with Superstate will play a key role in developing new use cases within the Backpack ecosystem throughout the year. According to Ferrante, the integration will combine blockchain infrastructure with traditional financial processes, enabling users to access investment opportunities earlier. As a result, investors may be able to access IPO allocations directly through the Backpack platform before trading begins on traditional exchanges.</p>
<p data-start="1227" data-end="1277">The system aims to achieve several key objectives:</p>
<ul>
<li data-start="1281" data-end="1342">Allow users to gain early access to IPO share allocations</li>
<li data-start="1345" data-end="1394">Record share ownership transparently on-chain</li>
<li data-start="1397" data-end="1461">Integrate traditional finance with blockchain infrastructure</li>
<li data-start="1464" data-end="1527">Create new utility and use cases for the Backpack community</li>
</ul>
<p data-start="1529" data-end="1738">Through this structure, investors will be able to hold real shares recorded on-chain via infrastructure provided by Superstate. The goal is to make investment processes more transparent and accessible.</p>
<p data-start="1529" data-end="1738"><img fetchpriority="high" decoding="async" class="wp-image-64925 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2026/03/backpack-300x290.jpg" alt="" width="596" height="576" srcset="https://coinengineer.net/blog/wp-content/uploads/2026/03/backpack-300x290.jpg 300w, https://coinengineer.net/blog/wp-content/uploads/2026/03/backpack.jpg 590w" sizes="(max-width: 596px) 100vw, 596px" /></p>
<h2 data-start="1745" data-end="1793">The Role of Retail Investors in IPO Processes</h2>
<p data-start="1795" data-end="2019">In traditional financial markets, the IPO process is typically dominated by institutional investors. Before going public, companies introduce their projects and financial goals to investors through roadshow meetings. During this process, large investment funds, banks, and institutional investors often gain early access to share allocations. Retail investors, however, are frequently excluded from these early stages and can only purchase shares once they begin trading on public exchanges. This makes it difficult for individual investors to benefit from the early pricing advantages of IPOs.</p>
<p data-start="2408" data-end="2466">Retail investors typically face the following limitations:</p>
<ul>
<li data-start="2470" data-end="2539">They can only access shares after they start trading on exchanges</li>
<li data-start="2542" data-end="2589">They must trade through brokerage platforms</li>
<li data-start="2592" data-end="2648">They are often excluded from early allocation phases</li>
</ul>
<p data-start="2650" data-end="2827">Backpack’s new model aims to change this structure. The platform plans to create a mechanism where a portion of IPO allocations can be distributed directly to its community. Through this model, individual investors could participate earlier in IPO processes and gain access to on-chain recorded share ownership via blockchain infrastructure.</p>
<p data-start="2650" data-end="2827"><img decoding="async" class="wp-image-64926 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2026/03/backpack1-289x300.jpg" alt="" width="606" height="629" srcset="https://coinengineer.net/blog/wp-content/uploads/2026/03/backpack1-289x300.jpg 289w, https://coinengineer.net/blog/wp-content/uploads/2026/03/backpack1-768x797.jpg 768w, https://coinengineer.net/blog/wp-content/uploads/2026/03/backpack1.jpg 815w" sizes="(max-width: 606px) 100vw, 606px" /></p>
<h2 data-start="3011" data-end="3044">Backpack Launches IPO Waitlist</h2>
<p data-start="3046" data-end="3226">To support this initiative, Backpack has launched a waitlist where users can register their interest in participating in the first IPO allocations offered through the platform. Users who join the waitlist will:</p>
<ul>
<li data-start="3265" data-end="3318">Receive priority access when the program launches</li>
<li data-start="3321" data-end="3410">Be able to participate earlier in the first IPO opportunities offered on the platform</li>
</ul>
<p data-start="3412" data-end="3554">This system aims to provide the crypto community with a new investment model that enables earlier access to traditional financial markets. The partnership between Backpack and Superstate represents another step forward in integrating blockchain technology with traditional financial instruments. Bringing IPO allocations on-chain via Solana could allow retail investors to participate in public offerings much earlier. Initiatives like this demonstrate that crypto platforms are beginning to play a larger role in the broader financial ecosystem.</p>
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<p>The post <a href="https://coinengineer.net/blog/backpacks-new-move-ipo-allocations-are-now-on-chain/">Backpack’s New Move: IPO Allocations Are Now On-Chain!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Opens KYC Ahead of TGE</title>
		<link>https://coinengineer.net/blog/backpack-opens-kyc-ahead-of-tge/</link>
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		<dc:creator><![CDATA[Yeliz Akmaca]]></dc:creator>
		<pubDate>Tue, 17 Feb 2026 14:43:11 +0000</pubDate>
				<category><![CDATA[EN]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[Backpack KYC]]></category>
		<category><![CDATA[Backpack TGE]]></category>
		<category><![CDATA[Backpack token]]></category>
		<category><![CDATA[crypto airdrop 2026]]></category>
		<category><![CDATA[TGE verification]]></category>
		<category><![CDATA[Token Claim]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=63817</guid>

					<description><![CDATA[<p>The expected move from Backpack has arrived. The platform has officially launched its identity verification process ahead of the upcoming Token Generation Event (TGE). The announcement was shared on X, and verification screens are now active across both web and mobile apps. The situation is straightforward: Users who don’t complete KYC may not be eligible</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-opens-kyc-ahead-of-tge/">Backpack Opens KYC Ahead of TGE</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="348" data-end="622">The expected move from <strong>Backpack</strong> has arrived. The platform has officially launched its identity verification process ahead of the upcoming Token Generation Event (TGE). The announcement was shared on <a href="https://x.com/Backpack/status/2023490560154366223?s=20">X</a>, and verification screens are now active across both web and mobile apps.</p>
<p data-start="624" data-end="740">The situation is straightforward: Users who don’t complete KYC may not be eligible to claim tokens during TGE.</p>
<p data-start="742" data-end="843">This early rollout aims to reduce congestion on distribution day and ensure a smoother claim process.</p>
<h3 data-start="850" data-end="862">Why now?</h3>
<p data-start="864" data-end="961">Backpack describes this verification as the “first step.” This isn’t just about account security.</p>
<p data-start="963" data-end="1263">At this stage, token claim eligibility is determined early, bot and multi-account risks are filtered out, regional compliance checks are completed, and potential technical bottlenecks on TGE day are minimized. Users who complete KYC are effectively positioned for the upcoming distribution mechanism.</p>
<h3 data-start="1270" data-end="1304">How many tokens unlock at TGE?</h3>
<p data-start="1306" data-end="1437">According to Backpack’s token allocation details, 25% of the total supply — 250 million tokens — will enter circulation at TGE.</p>
<p data-start="1439" data-end="1469">The breakdown looks like this:</p>
<ul data-start="1471" data-end="1633">
<li data-start="1471" data-end="1572">
<p data-start="1473" data-end="1572">240 million tokens (24%) allocated to users who previously accumulated points on the platform</p>
</li>
<li data-start="1573" data-end="1633">
<p data-start="1575" data-end="1633">10 million tokens (1%) reserved for Mad Lads holders</p>
</li>
</ul>
<p data-start="1635" data-end="1766">Distribution is based on historical engagement. User activity, earned points, and NFT ownership directly influence allocation size.</p>
<p data-start="1768" data-end="1859">In other words, TGE isn’t just a launch — it’s the on-chain outcome of prior participation.</p>
<p data-start="1768" data-end="1859"><img decoding="async" class="aligncenter size-large wp-image-63819" src="https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-tge-1024x440.png" alt="" width="1020" height="438" srcset="https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-tge-1024x440.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-tge-300x129.png 300w, https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-tge-768x330.png 768w, https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-tge.png 1257w" sizes="(max-width: 1020px) 100vw, 1020px" /></p>
<h3 data-start="1866" data-end="1897">How does verification work?</h3>
<p data-start="1899" data-end="2141">Users can initiate the process by logging into their Backpack account and heading to the Verification section. The flow follows standard KYC: basic identity details and selfie confirmation. For most users, completion takes only a few minutes.</p>
<p data-start="2143" data-end="2298">The official TGE date and full tokenomics have yet to be announced. However, opening verification this early suggests the launch window may not be far off.</p>
<blockquote class="wp-embedded-content" data-secret="gNybbveYaJ"><p><a href="https://coinengineer.net/blog/what-is-backpack-airdrop-hunting-in-the-backpack-ecosystem/">What is BackPack? Airdrop Hunting in the BackPack Ecosystem!</a></p></blockquote>
<p></p>
<p data-start="2143" data-end="2298"><em class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener nofollow" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Telegram, </a><a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener nofollow" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">YouTube</a>, and <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Twitter</a> channels for the latest <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/backpack-opens-kyc-ahead-of-tge/">Backpack Opens KYC Ahead of TGE</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Stands Out With a Billion-Dollar Valuation!</title>
		<link>https://coinengineer.net/blog/backpack-stands-out-with-a-billion-dollar-valuation/</link>
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		<dc:creator><![CDATA[Haciyev Reşit]]></dc:creator>
		<pubDate>Tue, 10 Feb 2026 09:27:33 +0000</pubDate>
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		<guid isPermaLink="false">https://coinengineer.net/blog/?p=63381</guid>

					<description><![CDATA[<p>As tokenization-focused growth strategies accelerate across the crypto industry, Backpack, founded by former FTX employees, has crossed a notable milestone. According to information shared by Axios, Backpack is in talks to raise $50 million in a new funding round at a $1 billion pre-money valuation. This development positions the company as one of the newest</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-stands-out-with-a-billion-dollar-valuation/">Backpack Stands Out With a Billion-Dollar Valuation!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>As tokenization-focused growth strategies accelerate across the crypto industry, <strong>Backpack</strong>, founded by former FTX employees, has crossed a notable milestone. According to information shared by Axios, Backpack is in talks to raise $50 million in a new funding round at a $1 billion pre-money valuation. This development positions the company as one of the newest unicorn projects in the crypto market.</p>
<h3 data-start="449" data-end="487">Tokenization Plan in the Spotlight</h3>
<p data-start="488" data-end="809">Just ahead of the funding discussions, Backpack publicly unveiled its comprehensive tokenization plan. Under the proposal, 37.5% of the total 1 billion token supply will be allocated to the company treasury for use after the IPO. This structure is designed primarily to prevent early dilution of retail investors.</p>
<p data-start="811" data-end="892">Founder Armani Ferrante summarized the core objective of the plan as follows:</p>
<blockquote>
<p data-start="896" data-end="1092">“The goal is to prevent retail investors from being harmed and to ensure long-term alignment. Until the company goes public, the team will not derive any personal financial gain from the project.”</p>
</blockquote>
<p data-start="896" data-end="1092"><img loading="lazy" decoding="async" class="wp-image-63383 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-1-300x107.jpg" alt="" width="564" height="201" srcset="https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-1-300x107.jpg 300w, https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-1.jpg 593w" sizes="auto, (max-width: 564px) 100vw, 564px" /></p>
<h3 data-start="1094" data-end="1144">Balanced Distribution Before and After the IPO</h3>
<p data-start="1145" data-end="1570">Another 37.5% of the token supply will be released gradually during the pre-IPO phase. The release of these tokens will be tied to measurable, concrete milestones such as expansion into new markets, product and infrastructure development, and growth of the user base. This approach aims to prevent uncontrolled supply inflation and to ensure that token value progresses in line with the company’s operational success.</p>
<p data-start="1572" data-end="2009">Backpack has not yet announced a definitive date for its token generation event (TGE). However, the company stated that 250 million tokens will be airdropped to early supporters and participants in the Backpack Points program. In addition, 1 million tokens have been specifically allocated to Mad Lads NFT holders, recognizing their early role in the ecosystem and aiming to strengthen long-term community engagement.</p>
<p data-start="1572" data-end="2009"><img loading="lazy" decoding="async" class="wp-image-63382 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-300x167.jpg" alt="" width="816" height="454" srcset="https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack-300x167.jpg 300w, https://coinengineer.net/blog/wp-content/uploads/2026/02/backpack.jpg 679w" sizes="auto, (max-width: 816px) 100vw, 816px" /></p>
<h3 data-start="2041" data-end="2085">From Wallet to Exchange: Backpack’s Rise</h3>
<p data-start="2086" data-end="2533">Originally launched as a Solana-based wallet project, Backpack was founded in late 2023 by the team behind the Mad Lads NFT collection. The founding team includes former Solana developer and early Alameda Research employee Armani Ferrante, as well as Can Sun, former legal counsel at FTX who testified during the FTX trial. This team composition reflects deep experience across both technical infrastructure and regulatory matters.</p>
<p data-start="2535" data-end="2917">In 2024, Backpack raised $17 million in Series A funding led by Placeholder VC, with participation from Robot Ventures, Wintermute, and Selini. In the same year, the company acquired FTX EU, enabling it to operate under MiFID II regulations. Headquartered in Dubai, Backpack also holds a VASP license, further strengthening its regulation-first approach.</p>
<h3 data-start="2919" data-end="2952">A Tokenization-Focused Future</h3>
<p data-start="2953" data-end="3337">Tokenization appears to have played a key role in Backpack’s ascent to unicorn status. The company’s approach—bringing real-world assets and financial products onto the blockchain—has attracted interest from both institutional investors and regulators. Beyond spot and derivatives trading, Backpack aims to expand into lending and prediction markets, broadening its product suite.</p>
<p data-start="3339" data-end="3846" data-is-last-node="" data-is-only-node="">Backpack’s $1 billion valuation target demonstrates that, in the post-FTX era, industry talent is still capable of building strong, credible institutions. With its focus on tokenization, regulatory compliance, and a community-oriented distribution model, Backpack is positioning itself not just as a crypto exchange, but as a long-term financial infrastructure player. If the funding round is successfully completed, the project could further increase the number of unicorns in the crypto ecosystem.</p>
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<p>The post <a href="https://coinengineer.net/blog/backpack-stands-out-with-a-billion-dollar-valuation/">Backpack Stands Out With a Billion-Dollar Valuation!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Is Rewriting How Prediction Markets Work</title>
		<link>https://coinengineer.net/blog/backpack-is-rewriting-how-prediction-markets-work/</link>
					<comments>https://coinengineer.net/blog/backpack-is-rewriting-how-prediction-markets-work/#respond</comments>
		
		<dc:creator><![CDATA[Yeliz Akmaca]]></dc:creator>
		<pubDate>Wed, 14 Jan 2026 14:00:28 +0000</pubDate>
				<category><![CDATA[EN]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[cross margin trading]]></category>
		<category><![CDATA[crypto exchanges]]></category>
		<category><![CDATA[derivatives risk]]></category>
		<category><![CDATA[prediction markets]]></category>
		<category><![CDATA[trading infrastructure]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=61722</guid>

					<description><![CDATA[<p>Backpack Exchange has quietly launched a closed beta of its cross-margined prediction markets, signaling a structural shift in how traders can deploy capital across bets and trading products. The feature, called Unified Prediction Portfolio, arrives as prediction markets gain visibility — but also as their inefficiencies become harder to ignore. The core issue has never</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-is-rewriting-how-prediction-markets-work/">Backpack Is Rewriting How Prediction Markets Work</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-start="323" data-end="674"><strong>Backpack Exchange</strong> has quietly launched a closed beta of its <strong>cross-margined prediction</strong> markets, signaling a structural shift in how traders can deploy capital across bets and trading products. The feature, called Unified Prediction Portfolio, arrives as prediction markets gain visibility — but also as their inefficiencies become harder to ignore.</p>
<p data-start="676" data-end="1025">The core issue has never been prediction accuracy alone. In most prediction markets, capital gets locked until an event resolves, sitting idle while opportunities elsewhere disappear. Even when traders have an edge, the opportunity cost of frozen capital often erodes returns. Backpack’s new model is explicitly designed to target that inefficiency.</p>
<h3 data-start="1027" data-end="1062">Capital No Longer Sits Idle</h3>
<p data-start="1064" data-end="1340">Prediction markets have historically forced traders into a passive posture. Once a position is opened, capital is trapped. Backpack’s Unified Prediction Portfolio breaks that constraint by allowing crypto capital to remain productive across multiple products at the same time.</p>
<p data-start="1342" data-end="1571">Through cross-margining and cross-collateralization, a single balance can support prediction positions alongside spot trades, margin trading, perpetual futures, and crypto lending. Capital no longer waits for outcomes — it moves.</p>
<p data-start="1342" data-end="1571"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-61723" src="https://coinengineer.net/blog/wp-content/uploads/2026/01/Backpack-Exchange-Prediction-Markets-1024x575.png" alt="" width="1020" height="573" srcset="https://coinengineer.net/blog/wp-content/uploads/2026/01/Backpack-Exchange-Prediction-Markets-1024x575.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2026/01/Backpack-Exchange-Prediction-Markets-300x168.png 300w, https://coinengineer.net/blog/wp-content/uploads/2026/01/Backpack-Exchange-Prediction-Markets-768x431.png 768w, https://coinengineer.net/blog/wp-content/uploads/2026/01/Backpack-Exchange-Prediction-Markets.png 1135w" sizes="auto, (max-width: 1020px) 100vw, 1020px" /></p>
<h3 data-start="1573" data-end="1615">One Margin Account, Built Natively</h3>
<p data-start="1617" data-end="1891">A critical distinction Backpack emphasizes is that this system is not a wrapper built on top of Kalshi, Polymarket, or any external prediction platform. Prediction markets are fully native to Backpack’s exchange infrastructure, priced and managed within its own risk engine.</p>
<p data-start="1893" data-end="2207">In practice, this allows a workflow rarely possible in prediction markets. A trader can quote on a price prediction, get filled, and immediately hedge that exposure using perpetual futures — all within the same margin account. Predictions stop being isolated bets and start behaving like tradeable risk components.</p>
<h3 data-start="2209" data-end="2260">Prediction Markets Turn Active, Not Passive</h3>
<p data-start="2262" data-end="2506">By embedding predictions into a unified trading stack, Backpack challenges the traditional wait-and-see model. Traders are no longer forced to hold static positions until resolution. Risk can be adjusted dynamically as market conditions change.</p>
<p data-start="2508" data-end="2746">This structure effectively pulls prediction markets closer to derivatives trading, where exposure is continuously managed rather than passively held. That shift alone could reshape how professional traders engage with this market segment.</p>
<p data-start="2508" data-end="2746"><a href="https://backpack.exchange/signup?referral=coinmuhendisi">Click here to register for the Backpack exchange at a discounted rate.</a></p>
<h3 data-start="2748" data-end="2799">Invite-Only Beta With Risk Front and Center</h3>
<p data-start="2801" data-end="3044">Access to Unified Prediction Portfolio is currently limited to an invite-only beta, focused on Backpack’s most active traders. The company says this phase is intended to observe real-world behavior and refine the system before broader release.</p>
<p data-start="3046" data-end="3372">That caution is notable. Cross-margin flexibility also concentrates risk. Losses in one product can quickly spill over into others during periods of volatility, amplifying drawdowns faster than traders may anticipate. Testing the risk engine under controlled conditions appears less like a formality and more like a necessity.</p>
<h3 data-start="3374" data-end="3414">A Post-FTX EU Expansion Strategy</h3>
<p data-start="3416" data-end="3727">Backpack’s move into prediction markets follows a transformative year for the exchange. In January 2025, Backpack acquired FTX EU, gaining access to a MiFID II–regulated European framework. By April, the company initiated asset recovery for users whose funds had remained frozen since the 2022 FTX collapse.</p>
<p data-start="3729" data-end="3884">Against that backdrop, prediction markets look less like an experiment and more like a calculated extension of an increasingly integrated trading platform.</p>
<h3 data-start="3886" data-end="3932">A Crowded Market, A Different Approach</h3>
<p data-start="3934" data-end="4197">The broader prediction market sector continues to expand rapidly. In December 2025, Kalshi reported $6.26 billion in trading volume, up from $5.81 billion the previous month. Polymarket reached $2.28 billion, compared to $1.87 billion in November.</p>
<p data-start="4199" data-end="4480">As prediction markets move closer to mainstream use cases, competition is shifting away from novelty toward structure and capital efficiency. Backpack’s unified, cross-margined model introduces a different risk–reward equation — one that offers flexibility, but demands discipline.</p>
<p data-start="4482" data-end="4644">Whether that flexibility ultimately becomes a durable advantage will depend less on the technology itself and more on how traders adapt to the freedom it creates.</p>
<p data-start="4482" data-end="4644"><i>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our</i><a href="https://t.me/coinengineernews"> <i>Telegram,</i></a><a href="https://www.youtube.com/@CoinEngineer"><i> YouTube</i></a><i>, and</i><a href="https://twitter.com/coinengineers"> <i>Twitter</i></a><i> channels for the latest</i><a href="https://coinengineer.io/news/"> <i>news</i></a><i> and updates.</i></p>
<p>The post <a href="https://coinengineer.net/blog/backpack-is-rewriting-how-prediction-markets-work/">Backpack Is Rewriting How Prediction Markets Work</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Wallet Announces BNB Chain Integration!</title>
		<link>https://coinengineer.net/blog/backpack-wallet-announces-bnb-chain-integration/</link>
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		<dc:creator><![CDATA[Haciyev Reşit]]></dc:creator>
		<pubDate>Mon, 20 Oct 2025 10:23:46 +0000</pubDate>
				<category><![CDATA[Exchange News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Backpack]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[Backpack Wallet]]></category>
		<category><![CDATA[blockchain]]></category>
		<category><![CDATA[bnb]]></category>
		<category><![CDATA[BNB Chain]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=54593</guid>

					<description><![CDATA[<p>Users can now access DeFi applications, token management, and cross-chain transactions more easily through a single wallet. Backpack Wallet, a self-custodial platform that allows users to securely manage their crypto assets, has officially announced its BNB Chain integration. With this new feature, Backpack users can now directly interact with DeFi apps, tokens, and DApps within</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-wallet-announces-bnb-chain-integration/">Backpack Wallet Announces BNB Chain Integration!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Users can now access DeFi applications, token management, and cross-chain transactions more easily through a single wallet. <strong>Backpack Wallet</strong>, a self-custodial platform that allows users to securely manage their crypto assets, has officially announced its <strong>BNB Chain</strong> integration. With this new feature, Backpack users can now directly interact with DeFi apps, tokens, and DApps within the BNB ecosystem all from inside the wallet.</p>
<h2>Backpack Wallet Expands DeFi Accessibility</h2>
<p>According to <strong>Backpack</strong>’s statement, the integration is part of its mission to enhance the mobile and multi-chain DeFi experience. Users can now perform transactions across Ethereum, Solana, Aptos, and BNB Chain through a single, unified interface.</p>
<p>Before this integration, Backpack users had to rely on external platforms to operate on the BNB Chain. That process is now eliminated — users can manage, stake, and connect BNB-based tokens and DeFi protocols directly within the Backpack app.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-54601 size-full" src="https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnbchain.jpg" alt="" width="597" height="568" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnbchain.jpg 597w, https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnbchain-300x285.jpg 300w" sizes="auto, (max-width: 597px) 100vw, 597px" /></p>
<h2>BNB Chain: A Strong Force in DeFi</h2>
<p>According to data analytics platform DefiLlama, BNB Chain ranks third in the DeFi ecosystem with a total value locked (TVL) of $8.25 billion. Following Ethereum and Solana, BNB Chain has recently attracted attention due to its growing liquidity and expanding user base. Backpack’s support for BNB Chain will enable users to access more yield opportunities and benefit from the network effects within the broader DeFi ecosystem.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-54603 size-full" src="https://coinengineer.net/blog/wp-content/uploads/2025/10/bnb-tvl.jpg" alt="" width="878" height="345" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/10/bnb-tvl.jpg 878w, https://coinengineer.net/blog/wp-content/uploads/2025/10/bnb-tvl-300x118.jpg 300w, https://coinengineer.net/blog/wp-content/uploads/2025/10/bnb-tvl-768x302.jpg 768w" sizes="auto, (max-width: 878px) 100vw, 878px" /></p>
<h2>What Changed for Users?</h2>
<p>With the new integration, Backpack users can now:</p>
<ul>
<li>Directly connect to DApps on BNB Chain</li>
<li>Perform token swaps and DeFi transactions within the app</li>
<li>Transfer assets across multiple blockchains</li>
<li>Access multi-chain liquidity through a single wallet</li>
</ul>
<p>This feature eliminates the need to switch between multiple wallets, offering a much smoother Web3 experience.</p>
<p><a href="https://backpack.exchange/signup?referral=coinmuhendisi">Click here to register for BackPack Exchange with a discount.</a></p>
<h2>Backpack’s Multi-Chain Vision</h2>
<p>The BNB Chain integration marks the latest step in Backpack’s multi-chain ecosystem strategy. Earlier this month, the company announced Aptos integration, further simplifying cross-chain access between Layer-1 blockchains. With the addition of BNB Chain, Backpack has become one of the most comprehensive self-custodial wallets in Web3, offering broad multi-chain connectivity.</p>
<p>The integration not only makes DeFi access easier but also unifies the multi-chain finance experience within a single ecosystem. This innovation represents a major milestone, especially for mobile users, by providing a faster, safer, and more efficient Web3 experience.</p>
<p data-start="1761" data-end="2104" data-is-last-node="" data-is-only-node=""><em class="darkmysite_style_txt_border darkmysite_processed" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener nofollow" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Telegram, </a><a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener nofollow" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">YouTube</a>, and <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Twitter</a> channels for the latest <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/backpack-wallet-announces-bnb-chain-integration/">Backpack Wallet Announces BNB Chain Integration!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Lists Binance Coin (BNB)!</title>
		<link>https://coinengineer.net/blog/backpack-lists-binance-coin-bnb/</link>
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		<dc:creator><![CDATA[Haciyev Reşit]]></dc:creator>
		<pubDate>Mon, 06 Oct 2025 14:59:02 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Backpack]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[Binance Coin (BNB)]]></category>
		<category><![CDATA[bnb]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=53485</guid>

					<description><![CDATA[<p>A significant step has been taken to enhance user experience in the cryptocurrency world. Backpack has officially announced the launch of BNB trading, margin, and lending services today. This move strengthens the platform’s position by offering more trading options and financial tools for users across different blockchain ecosystems. Backpack Users Can Now Do More with</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-lists-binance-coin-bnb/">Backpack Lists Binance Coin (BNB)!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A significant step has been taken to enhance user experience in the cryptocurrency world. <strong>Backpack </strong>has officially announced the launch of <strong>BNB</strong> trading, margin, and lending services today. This move strengthens the platform’s position by offering more trading options and financial tools for users across different blockchain ecosystems.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-53487 " src="https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb.jpg" alt="" width="1019" height="573" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb.jpg 1280w, https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb-300x169.jpg 300w, https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb-1024x576.jpg 1024w, https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb-768x432.jpg 768w" sizes="auto, (max-width: 1019px) 100vw, 1019px" /></p>
<h2>Backpack Users Can Now Do More with BNB</h2>
<p>With the new services, users can easily perform the following operations through Backpack’s integrated trading interface:</p>
<ul>
<li data-start="177" data-end="204">Spot trading with BNB</li>
<li data-start="207" data-end="227">Margin trading</li>
<li data-start="230" data-end="257">Lending and borrowing</li>
</ul>
<p data-start="259" data-end="515"><strong>Backpack</strong> provides support across multiple blockchain networks, allowing users to swap, bridge, and trade assets between wallets. This enables platform users to utilize their BNB across multiple blockchain ecosystems, not just on a single network.</p>
<p data-start="259" data-end="515"><span style="color: #0000ff;"><a style="color: #0000ff;" href="https://backpack.exchange/refer/coinmuhendisi">Backpack 10% Discounted Click to make transactions!</a></span></p>
<h2 data-start="517" data-end="961">Investors to Earn via Margin and Lending Features</h2>
<p data-start="517" data-end="961">Backpack’s new margin and lending services allow users to earn interest on collateral and improve capital efficiency. Margin trading enables investors to manage BNB positions more effectively and maximize gains from market movements. The lending/borrowing feature allows users to generate passive income from their assets while also enhancing platform liquidity.</p>
<p data-start="963" data-end="1143">Analysts note that adding these services will strengthen Backpack’s competitive edge over rival exchanges and encourage users to trade on the platform for longer periods.</p>
<h2 data-start="1145" data-end="1555">Backpack’s Multi-Chain Strategy</h2>
<p data-start="1145" data-end="1555" data-is-last-node="" data-is-only-node="">By integrating <strong>BNB</strong> services, Backpack continues its strategy of providing multi-chain asset management and trading tools. The platform allows users to effectively manage and leverage assets across different blockchain ecosystems, not just BNB. This strategy aims to position Backpack as a leading platform in digital asset trading and expand its user base.</p>
<p data-start="1145" data-end="1555" data-is-last-node="" data-is-only-node=""><img loading="lazy" decoding="async" class="aligncenter wp-image-53486 size-full" src="https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb-x.jpg" alt="" width="593" height="140" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb-x.jpg 593w, https://coinengineer.net/blog/wp-content/uploads/2025/10/backpack-bnb-x-300x71.jpg 300w" sizes="auto, (max-width: 593px) 100vw, 593px" /></p>
<p>Backpack’s integrated trading interface offers a user-friendly experience while enabling secure asset transfers and transactions across blockchain ecosystems. The platform employs industry-standard security measures and custody solutions to safeguard assets, allowing investors to earn profits while keeping their holdings secure.</p>
<h2 data-start="396" data-end="595">Backpack’s BNB Move</h2>
<p data-start="396" data-end="595">By offering BNB trading, margin, and lending services, Backpack positions itself as a hub for multi-chain and comprehensive digital asset trading tools. This move:</p>
<ul>
<li data-start="599" data-end="651">Creates more financial opportunities for users</li>
<li data-start="654" data-end="704">Increases liquidity within the BNB ecosystem</li>
<li data-start="707" data-end="757">Enhances the platform’s competitive strength</li>
<li data-start="760" data-end="829">Supports capital efficiency through margin and lending features</li>
</ul>
<p data-start="831" data-end="1007" data-is-last-node="" data-is-only-node="">Crypto analysts predict that this step will boost interest from BNB holders and investors, likely resulting in a significant increase in trading volume on the platform.</p>
<p><em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Telegram, </a><a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">YouTube </a>and <a class="darkmysite_style_txt_border darkmysite_style_link darkmysite_processed" href="https://twitter.com/coinengineers" data-darkmysite_alpha_bg="rgba(0, 0, 0, 0)">Twitter</a> channels for the latest news and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/backpack-lists-binance-coin-bnb/">Backpack Lists Binance Coin (BNB)!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>What is BackPack? Airdrop Hunting in the BackPack Ecosystem!</title>
		<link>https://coinengineer.net/blog/what-is-backpack-airdrop-hunting-in-the-backpack-ecosystem/</link>
					<comments>https://coinengineer.net/blog/what-is-backpack-airdrop-hunting-in-the-backpack-ecosystem/#respond</comments>
		
		<dc:creator><![CDATA[Emre Yumlu]]></dc:creator>
		<pubDate>Sat, 08 Mar 2025 13:00:59 +0000</pubDate>
				<category><![CDATA[Exchange Guides]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[Backpack Wallet]]></category>
		<category><![CDATA[Decentralized Finance (DeFi)]]></category>
		<category><![CDATA[Non-Fungible Tokens (NFTs)]]></category>
		<category><![CDATA[The BackPack ecosystem]]></category>
		<category><![CDATA[The Backpack wallet]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=38073</guid>

					<description><![CDATA[<p>The BackPack ecosystem stands out with its services and airdrop potential. We&#8217;ve prepared a detailed review for you to not miss out on the upcoming opportunities. Let&#8217;s take a closer look at the details. What is BackPack? The Backpack wallet is a self-custodial wallet that enables users to trade cryptocurrencies, manage non-fungible tokens (NFTs), and</p>
<p>The post <a href="https://coinengineer.net/blog/what-is-backpack-airdrop-hunting-in-the-backpack-ecosystem/">What is BackPack? Airdrop Hunting in the BackPack Ecosystem!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><a href="https://coinengineer.net/blog/saylor-us-bitcoin-reserve-could-generate-16-81-trillion-by-2045/"><strong>The BackPack ecosystem</strong></a> stands out with its services and airdrop potential. We&#8217;ve prepared a detailed review for you to not miss out on the upcoming opportunities. Let&#8217;s take a closer look at the details.</p>
<h2 data-start="0" data-end="21">What is BackPack?</h2>
<p data-start="23" data-end="331"><strong>The Backpack wallet</strong> is a self-custodial wallet that enables users to trade cryptocurrencies, manage <strong>non-fungible tokens (NFTs)</strong>, and access <strong>decentralized finance (DeFi)</strong> applications all in one platform. Backpack is available as a desktop extension and as a mobile application for both iOS and Android devices.</p>
<p data-start="333" data-end="707">As a<strong> multi-chain wallet, Backpack</strong> allows users to manage their digital assets across multiple blockchain networks such as <strong>Solana, Ethereum, Arbitrum, and Optimism</strong>. This includes connecting with protocols on various networks and performing on-chain transactions in real-time, such as sending and receiving crypto assets, swapping tokens, and connecting to developer testnets.</p>
<p data-start="709" data-end="1005">One of the key security features of <strong>Backpack is the integration of xNFTs</strong>. This allows developers to create decentralized applications (dApps) that users can launch and interact with directly from the wallet, reducing the need for third-party applications and minimizing additional security risks.</p>
<h2 data-start="1007" data-end="1062">How to Take Advantage of Opportunities on Backpack?</h2>
<p data-start="1064" data-end="1233">To get started, you’ll need both a<strong> Backpack Wallet and a Backpack Exchange</strong> account to perform transactions. Backpack wallet is commonly used within the Solana ecosystem.</p>
<p data-start="1064" data-end="1233"><img loading="lazy" decoding="async" class="size-full wp-image-150565 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/03/backpack.png" alt="backpack" width="1200" height="630" /></p>
<ul>
<li data-start="1235" data-end="1415">If you already have a #Phantom wallet, you can easily transfer your 12 or 24-word seed phrase to the Backpack wallet, allowing you to continue trading with your existing balances.</li>
<li>For those starting from scratch, you’ll need to download the Backpack wallet using the link provided below. After downloading, simply enter our referral code to set up your account. The setup process is quick and straightforward, and once completed, you’ll be able to take full advantage of the platform’s features and start trading.</li>
</ul>
<hr />
<p><a href="https://chromewebstore.google.com/detail/backpack/aflkmfhebedbjioipglgcbcmnbpgliof?pli=1"><strong>Click here to download BackPack Wallet.</strong></a></p>
<p><strong>Invitation Code: COINMUHENDIS</strong></p>
<hr />
<h2 data-start="0" data-end="52">Transition to Backpack Exchange and Its Benefits</h2>
<p data-start="54" data-end="429">Once you’ve successfully set up your wallet or transferred your existing balances to <strong>Backpack Wallet</strong>, the next crucial step is to use Backpack Exchange. This platform stands out by offering a wide range of services and benefits to its users. The key to benefiting from <strong>Backpack Exchange</strong> is leveraging all the features available and increasing your trading volume effectively.</p>
<p data-start="54" data-end="429"><img loading="lazy" decoding="async" class="size-full wp-image-150566 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/03/backpackex.jpg" alt="backpackex" width="2400" height="1256" /></p>
<p data-start="431" data-end="568">Instead of relying on artificial trades such as wash trading, organic usage and volume growth will place you in a much stronger position.</p>
<p data-start="570" data-end="958">Looking ahead, there are expectations for new features to be added to Backpack Exchange, further enhancing the platform’s capabilities. Recent developments hint at such innovations, including the possibility of a points system or an increased focus on volume-based rankings. These additions would help users make more efficient trades, ultimately making the platform even more attractive.</p>
<p data-start="960" data-end="1316" data-is-last-node="" data-is-only-node="">To avoid missing out on these opportunities, you can register using the referral code below. After completing the registration process, follow the <strong>identity verification (KYC)</strong> steps to start benefiting from the services offered by the platform. Once the process is complete, you’ll be able to manage and grow your wallet and trading volume more effectively.</p>
<hr />
<p data-start="960" data-end="1316" data-is-last-node="" data-is-only-node=""><a href="https://backpack.exchange/signup?referral=coinmuhendisi"><strong>Click here to sign up for BackPack Exchange.</strong></a></p>
<hr />
<h2 data-start="0" data-end="17">Asset Deposit</h2>
<p data-start="19" data-end="362">After successfully completing the membership and<strong> KYC (Know Your Customer)</strong> verification processes, we can now proceed with the necessary steps to take full advantage of the platform&#8217;s offerings. At this stage, we need to deposit our assets into the exchange account. This process is quite simple, just like in any other cryptocurrency exchange.</p>
<p data-start="364" data-end="602">As investors, we can transfer our digital assets to the exchange account using pairs like <strong>$USDC, $USDT, $SOL, $ETH, and $BTC.</strong> To do this, we simply need to transfer our selected assets to the relevant cryptocurrency pairs on the platform.</p>
<h2 data-start="604" data-end="620">Spot Trading</h2>
<p data-start="622" data-end="983">After transferring our assets, the next step to continue trading on <strong>Backpack Exchange is to move on to the &#8220;Spot Trade&#8221; section.</strong> Spot trading allows investors to buy and sell specific cryptocurrencies to take advantage of short-term trading opportunities. In this section, you can diversify your portfolio by trading across a wide range of cryptocurrency pairs.</p>
<p data-start="985" data-end="1435">The trades we make in the<strong> Spot Trade section</strong> not only allow us to implement our trading strategies but also present an important opportunity to increase our profits on the exchange. This is because exchanges typically reward users for their trading volume by distributing rewards in various tokens. These rewards are shaped by the volume of transactions made by investors. This creates opportunities for both short-term gains and long-term potential.</p>
<p data-start="1437" data-end="1636" data-is-last-node="" data-is-only-node="">As a result, with our <strong>Spot Trade transactions,</strong> we not only benefit from market movements but are also rewarded for our trading volume on Backpack Exchange, contributing to our future potential gains.</p>
<hr />
<p data-start="1437" data-end="1636" data-is-last-node="" data-is-only-node=""><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener nofollow"><strong>Telegram</strong></a>, <a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener nofollow"><strong>YouTube</strong></a> and <a href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener"><strong>Twitter</strong></a> for the latest <a title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/what-is-backpack-airdrop-hunting-in-the-backpack-ecosystem/">What is BackPack? Airdrop Hunting in the BackPack Ecosystem!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Exchange Applies to the Capital Markets Board of Türkiye (SPK)!</title>
		<link>https://coinengineer.net/blog/backpack-exchange-applies-to-the-capital-markets-board-of-turkiye-spk/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sun, 18 Aug 2024 10:00:40 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[Crypto.com]]></category>
		<category><![CDATA[Gate.io]]></category>
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		<guid isPermaLink="false">https://coinengineer.net/blog/?p=26963</guid>

					<description><![CDATA[<p>Backpack Exchange has recently joined the list of 29 companies that have applied to the Turkish Capital Markets Board (SPK) to operate as a crypto asset service provider. The SPK has updated its “Operating Companies List,” which showcases crypto asset service providers that have applied for preliminary licenses. Initially, the list featured 47 companies, but</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-exchange-applies-to-the-capital-markets-board-of-turkiye-spk/">Backpack Exchange Applies to the Capital Markets Board of Türkiye (SPK)!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Backpack Exchange has recently joined the list of 29 companies that have applied to the Turkish Capital Markets Board (SPK) to operate as a crypto asset service provider.</p>
<p>The <a href="https://coinengineer.net/blog/gate-io-follows-binance-in-discontinuing-turkish-language-support-and-marketing-activities/">SPK</a> has updated its “Operating Companies List,” which showcases crypto asset service providers that have applied for preliminary licenses. Initially, the list featured 47 companies, but the latest update now includes a total of 76 companies.</p>
<p>Among the newly added companies, Backpack Exchange stands out. Backpack Exchange is a centralized cryptocurrency exchange based on the Solana blockchain. It offers a reward system that grants users points based on their trading volumes. Additionally, the platform boasts advantages such as privacy, speed, and low transaction fees.</p>
<p>Interestingly, major global exchanges like KuCoin, Gate.io, Crypto.com, and BingX, which were absent from the earlier list, have now also been added.</p>
<p><strong>Here is a list of the newly added companies:</strong></p>
<p>Akatılım (Aigen Software and Technology Foreign Trade Import and Export Inc.)<br />
Balance Network (Balance Network Crypto Asset Informatics and Technology Inc.)<br />
BINGX TR (BINGX TR Technology Inc.)<br />
BitTurk (Bittürk Informatics and Trade Inc.)<br />
Byte Exchange (Bytedex Technology Inc.)<br />
Citypay (Citypay Computer Technologies Trade Limited Co.)<br />
Coinbase (Coinbase Turkey Software Technologies Inc.)<br />
Destek Kripto (Destek Group Technology Services Inc.)<br />
EXZI (EXZI Technology Trade Inc.)<br />
Felixo (Felixo Technology and Software Inc.)<br />
Finnova (Finnova Technology Inc.)<br />
Crypto.com (Foris DAX TR Technology Inc.)<br />
Fasset (FTL Technology Inc.)<br />
GateTR (Gate Technology Inc.)<br />
GMS Kripto (GMS Global Technology Inc.)<br />
Türkiye İş Bankası (Türkiye İş Bankası Inc.)<br />
KarumX (Karum Financial Technology Inc.)<br />
Kointra (Kointra Informatics and Technology Inc.)<br />
KuCoin TR (Kuturk Informatics and Technology Inc.)<br />
Trinkex (Loop Technology Software and Consulting Trade Inc.)<br />
AeronX (Magician of Meta Technology Inc.)<br />
Misyon Financial Technologies Inc.<br />
Misyon Investment Bank Inc.<br />
Nexo (Nexo Technology Inc.)<br />
Paribu Digital Asset Custody Technologies Inc.<br />
Sarus Software Services Industry and Trade Inc.<br />
Backpack Exchange (Trek Labs Technology Inc.)<br />
Block Earner (WEB3 Technology Inc.)<br />
Norbi (Yenkido Informatics Services Trade Inc.)</p>
<p><em>Also In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’ t forget to follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener nofollow"><strong>Telegram</strong>, </a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener nofollow"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener"><strong>Twitter</strong></a> for the latest <a title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7">news</a> and updates instantly.</em></p>
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<p>The post <a href="https://coinengineer.net/blog/backpack-exchange-applies-to-the-capital-markets-board-of-turkiye-spk/">Backpack Exchange Applies to the Capital Markets Board of Türkiye (SPK)!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Exchange: A Rewarding Exchange!</title>
		<link>https://coinengineer.net/blog/backpack-exchange-a-rewarding-exchange/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Wed, 06 Mar 2024 07:55:26 +0000</pubDate>
				<category><![CDATA[Exchange News]]></category>
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		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[Ftx]]></category>
		<category><![CDATA[solana]]></category>
		<category><![CDATA[wallet]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=14414</guid>

					<description><![CDATA[<p>What is the innovative, Solana-based cryptocurrency exchange Backpack Exchange that rewards its users? ? How is it used? What is Backpack Exchange? The Backpack Exchange is a Solana-based centralized cryptocurrency exchange. It offers a system that rewards its users with points based on their trading volumes. It also has advantages such as privacy, speed, and</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-exchange-a-rewarding-exchange/">Backpack Exchange: A Rewarding Exchange!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>What is the innovative, Solana-based cryptocurrency exchange <strong> Backpack </strong>Exchange that rewards its users? <strong>? </strong>How is it used<strong>?</strong></p>
<h2>What is Backpack Exchange?</h2>
<p>The <strong>Backpack </strong>Exchange is a Solana-based centralized cryptocurrency exchange. It offers a system that rewards its users with points based on their trading volumes. It also has advantages such as privacy, speed, and low transaction fees.</p>
<p><strong>Backpack</strong> represents an evolution in cryptocurrency platforms through its volume point system and its own wallet model.</p>
<h2>Key Feature Differentiating it from Other Exchanges</h2>
<p>The innovative feature that distinguishes <strong>Backpack</strong> Exchange from other platforms is the volume point system designed to reward users&#8217; platform activities.</p>
<p>By recording the trading volumes of each account, it encourages participation by allowing users to accumulate points that they can use for special platform advantages. Thanks to these points, one can access; discounted fees, special promotions, advanced trading features, and much more.</p>
<p>Through collaborative competition, participants strengthen the exchange holistically while pursuing their personal goals and objectives.</p>
<h2>Backpack Wallet</h2>
<p><strong>Backpack</strong> Exchange is designed with user value and risk reduction in mind. This user-centric approach is realized through the platform&#8217;s own wallet infrastructure, the <strong>Backpack Wallet</strong>, which provides ultimate flexibility and control over digital asset ownership.</p>
<p>Unlike centralized exchanges, the <strong>Backpack</strong> Wallet allows users to directly control their funds whenever they want and ensures that assets are protected with the best practices in the industry.</p>
<h2>Aims to Strengthen the Solana Ecosystem</h2>
<p>Solana, designed specifically for high efficiency and transaction speed, offers an ideal foundation to support <strong>Backpack&#8217;s</strong> market positioning and capabilities. Utilizing Solana’s speed, scalability, and low transaction costs, it facilitates high-volume transactions.</p>
<p>At the same time, <strong>Backpack</strong> aims to strengthen Solana&#8217;s technological reputation against rival blockchain ecosystems by supporting platforms that operate natively on Solana.</p>
<h2>Experienced Team in the Field</h2>
<p>The reputation and reliability of <strong>Backpack</strong> comes from the founding leadership team. CEO Armani Ferrante is specialized in crypto-based financial products, due to his experience managing critical swap and risk functions at FTX.</p>
<p>Behind Ferrante is Can Sun, the former general counsel of <a href="https://coinengineer.net/blog/ftx-settles-for-33m-over-failed-europe-expansion/">FTX</a>. Sun provides an important balance for the company with his stance against unethical actions.</p>
<p>With detailed knowledge of previous corporate failures and dysfunctions, the team aims to design a safe and sustainable user experience from the start.</p>
<h2>Regulated by VARA</h2>
<p><strong>Backpack</strong> operates under a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Asset Regulatory Authority (VARA).</p>
<p>VARA is the world&#8217;s first independent regulator for virtual assets. It provides an important framework for Backpack to operate transparently in all jurisdictions.</p>
<h2>How to use it?</h2>
<ol>
<li><strong><a href="https://backpack.exchange/signup?referral=coinengineer">First, register for Backpack Exchange by clicking on this link.</a></strong></li>
<li>Then create your basic account information by filling in the required information.</li>
<li>After successfully creating your account, complete the KYC identity verification to enable full account functionality.</li>
</ol>
<p>You can start using the exchange after creating your account and completing KYC verification.</p>
<h4>Assets</h4>
<p>You can see the trading pairs you can buy and sell by clicking on the &#8220;Assets&#8221; button in the upper left corner of the screen.</p>
<p>&nbsp;</p>
<p><img loading="lazy" decoding="async" class="size-full wp-image-14464 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/03/Assets.jpg" alt="Assets" width="768" height="359" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/03/Assets.jpg 768w, https://coinengineer.net/blog/wp-content/uploads/2024/03/Assets-300x140.jpg 300w" sizes="auto, (max-width: 768px) 100vw, 768px" /></p>
<h4>Buy-Sell</h4>
<p>You can reach the buy-sell screen where you can enter orders, watch the chart, and trade by clicking on the &#8220;Trade&#8221; button in the upper left corner of the screen.</p>
<p>&nbsp;</p>
<p><img loading="lazy" decoding="async" class="size-full wp-image-14465 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/03/Buy-Sell.jpg" alt="Buy-Sell" width="768" height="356" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/03/Buy-Sell.jpg 768w, https://coinengineer.net/blog/wp-content/uploads/2024/03/Buy-Sell-300x139.jpg 300w" sizes="auto, (max-width: 768px) 100vw, 768px" /></p>
<h4>Drop</h4>
<p>By clicking on the &#8220;Drop&#8221; button in the upper left corner of the screen, you can take a look at active and upcoming events, complete tasks and earn various rewards.</p>
<p>&nbsp;</p>
<p><img loading="lazy" decoding="async" class="size-full wp-image-14466 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2024/03/Backpack-Exchange.jpg" alt="Backpack Exchange" width="768" height="313" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/03/Backpack-Exchange.jpg 768w, https://coinengineer.net/blog/wp-content/uploads/2024/03/Backpack-Exchange-300x122.jpg 300w" sizes="auto, (max-width: 768px) 100vw, 768px" /></p>
<p><em><strong>You can own a discounted ticket for Token 2049 Dubai Event through <a href="https://checkout.token2049.com/?promo=COINENGINEER">this link</a>.</strong></em></p>
<hr />
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<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram</strong></a>, <a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a> and <a href="https://twitter.com/coinengineers"><strong>Twitter</strong></a> for the latest news and updates.</em></p>
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<p>The post <a href="https://coinengineer.net/blog/backpack-exchange-a-rewarding-exchange/">Backpack Exchange: A Rewarding Exchange!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solutıon</title>
		<link>https://coinengineer.net/blog/backpack-exchange-partner-with-banxa-to-enhance-crypto-on-ramp-solution/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 19 Feb 2024 21:00:51 +0000</pubDate>
				<category><![CDATA[Exchange News]]></category>
		<category><![CDATA[Backpack]]></category>
		<category><![CDATA[Backpack exchange]]></category>
		<category><![CDATA[Banxa]]></category>
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		<category><![CDATA[SOL/USDC]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=12766</guid>

					<description><![CDATA[<p>Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solutıon!! Not only did they surpass $1 billion in 24-hour trading volume within days of launch, but they also just announced a new partnership with Banxa to expand their digital asset services. Banxa Partnership for Global Reach The new partnership allows Backpack users in over 130</p>
<p>The post <a href="https://coinengineer.net/blog/backpack-exchange-partner-with-banxa-to-enhance-crypto-on-ramp-solution/">Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solutıon</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p data-sourcepos="3:1-3:222">Backpack Exchange Partner With Banxa to Enhance <a href="https://coinengineer.net/blog/bitcoin-futures-ride-the-rally-open-interest-hits-yearly-high/" target="_blank" rel="noopener">Crypto</a> On-Ramp Solutıon!! Not only did they surpass $1 billion in 24-hour trading volume within days of launch, but they also just announced a new partnership with Banxa to expand their digital asset services.</p>
<p data-sourcepos="5:1-5:23"><strong>Banxa Partnership for Global Reach</strong></p>
<p>The new partnership allows Backpack users in over 130 countries to easily buy and sell crypto with fiat currencies through various methods like credit cards, bank transfers, and e-wallets. This collaboration, as blockchain expert Anndy Lian says, is &#8220;a positive step for Backpack users and the exchange&#8217;s overall experience&#8221; by boosting adoption and liquidity.</p>
<p>Backpack crossed <strong>$1 billion</strong> in daily trading volume just four days after launching its pre-season, quickly reaching<strong> $300 million</strong> within 24 hours on Feb 15th.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="fr" dir="ltr">&gt;$1 Billion 24H Volume on <a href="https://twitter.com/Backpack?ref_src=twsrc%5Etfw">@Backpack</a> Exchange <a href="https://t.co/qGWh4f4tuS">pic.twitter.com/qGWh4f4tuS</a></p>
<p>&mdash; Backpack <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f392.png" alt="🎒" class="wp-smiley"  /> (@Backpack) <a href="https://twitter.com/Backpack/status/1759210506865238190?ref_src=twsrc%5Etfw">February 18, 2024</a></p></blockquote>
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<p>Founder and CEO Armani Ferrante cautions users against overexcitement and encourages responsible trading, reminding them that this is a <strong>&#8220;long-term program&#8221;</strong> with much to build.</p>
<p>Backpack secured a virtual asset service provider license from the Dubai Virtual Assets Regulatory Authority in October 2023, followed by several other international licenses throughout the latter half of the year. Currently, their <strong>SOL/USDC</strong> pair boasts the highest global trading volume among Solana spot trading pairs, surpassing even established exchanges like Binance and Bybit.</p>
<p>The SOL/USDC pair&#8217;s popularity has contributed to SOL&#8217;s own <strong>1.71%</strong> price increase, solidifying its position as the fifth-largest <strong>cryptocurrency</strong> by market cap, recently even temporarily overtaking Binance &#8216;s BNB token.</p>
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<p>The post <a href="https://coinengineer.net/blog/backpack-exchange-partner-with-banxa-to-enhance-crypto-on-ramp-solution/">Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solutıon</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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