{"id":12766,"date":"2024-02-19T21:00:51","date_gmt":"2024-02-19T21:00:51","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12766"},"modified":"2024-02-19T20:54:12","modified_gmt":"2024-02-19T20:54:12","slug":"backpack-exchange-partner-with-banxa-to-enhance-crypto-on-ramp-solution","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/backpack-exchange-partner-with-banxa-to-enhance-crypto-on-ramp-solution\/","title":{"rendered":"Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solut\u0131on"},"content":{"rendered":"<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 Solut\u0131on!! 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>\n<p data-sourcepos=\"5:1-5:23\"><strong>Banxa Partnership for Global Reach<\/strong><\/p>\n<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,\u00a0as blockchain expert Anndy Lian says,\u00a0is &#8220;a positive step for Backpack users and the exchange&#8217;s overall experience&#8221; by boosting adoption and liquidity.<\/p>\n<p>Backpack crossed <strong>$1 billion<\/strong> in daily trading volume just four days after launching its pre-season,\u00a0quickly reaching<strong> $300 million<\/strong> within 24 hours on Feb 15th.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<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>\n<p>&mdash; Backpack \ud83c\udf92 (@Backpack) <a href=\"https:\/\/twitter.com\/Backpack\/status\/1759210506865238190?ref_src=twsrc%5Etfw\">February 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Founder and CEO Armani Ferrante cautions users against overexcitement and encourages responsible trading,\u00a0reminding them that this is a <strong>&#8220;long-term program&#8221;<\/strong> with much to build.<\/p>\n<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,\u00a0their <strong>SOL\/USDC<\/strong> pair boasts the highest global trading volume among Solana spot trading pairs,\u00a0surpassing even established exchanges like Binance and Bybit.<\/p>\n<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>\n<hr \/>\n<div>\n<div>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<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)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/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)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<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)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solut\u0131on!! 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>\n","protected":false},"author":1,"featured_media":12767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2265,2268,4499,40,393,4502],"class_list":["post-12766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-backpack","tag-backpack-exchange","tag-banxa","tag-bnb","tag-crypto","tag-sol-usdc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solut\u0131on - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Backpack Exchange Partner With Banxa to Enhance Crypto On-Ramp Solut\u0131on! 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