Backpack, a cryptocurrency exchange created by former FTX employees, looks at U.S. expansion
Source: CoinWorld
Time: 2025-09-11 01:09:38
Founded by former FTX employees, Backpack Exchange plans to launch available goods transactions in the United States this year after obtaining a currency transfer license. CEO Armani Ferrante stressed that the United States is its priority market and highlighted its potential for rapid growth. The platform has been operated in the EU and Japan with transparency-oriented, with daily updates to Proof of Reserves (PoRs) to deal with past fraud. Despite regulatory challenges, Backpack still has a large U.S. user base and workforce designed to leverage trust minimization to enhance competitive advantage.