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<a href="https://bitcoinworld.co.in/new-crypto-exchange-backpack-now-offering-services-in-11-us-state/" title="New Crypto Exchange Backpack Now Offering Services In 11 US State" rel="noopener noreferrer nofollow"></a>
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 <li style="font-weight: 400">Crypto exchange Backpack established by ex-FTX, Alameda Research executives is now offering services to customers in several US states.</li>
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In an <a href="https://twitter.com/Backpack/status/1760145691551412412" rel="noopener noreferrer nofollow">X</a> thread on Feb. 21, crypto exchange Backpack announced it has started offering services to users from 11 US states as the exchange deepens its presence on the American market.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 USA
 Welcome to Backpack Exchange.
 We're going live in 11 states. <a href="https://t.co/k1a0SR0yQG" rel="noopener noreferrer nofollow">pic.twitter.com/k1a0SR0yQG</a>
 — Backpack <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f392.png" alt="🎒" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Backpack) <a href="https://twitter.com/Backpack/status/1760145691551412412?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 21, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
According to the exchange’s <a href="https://support.backpack.exchange/en/articles/1088833" rel="noopener noreferrer nofollow">help center</a>, Backpack is now offering services in California, Colorado, Wisconsin, Wyoming and seven other US states.
Founded by FTX‘s former general counsel, Can Sun, and ex-Alameda Research software developer Armani Ferrante, Backpack, which is currently in beta, has already secured the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).
See Also: <a class="row-title" href="https://bitcoinworld.co.in/solana-based-backpack-crypto-exchange-attains-1b-daily-trading-volume-just-5-days-after-pre-season-beta-launch/" aria-label="“Solana-based Backpack Crypto Exchange Attains $1B Daily Trading Volume Just 5 Days After Pre-season Beta Launch” (Edit)" rel="noopener noreferrer nofollow">Solana-based Backpack Crypto Exchange Attains $1B Daily Trading Volume Just 5 Days After Pre-season Beta Launch</a>
Ferrante, who now serves as the CEO of Backpack, expressed intentions to further solidify the exchange’s presence in the US, although specific timelines were not disclosed.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Today, we beginning our journey to bring <a href="https://twitter.com/Backpack?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Backpack</a> Exchange into the USA.
 It'll be slow. It'll be steady. It'll be hard.
 But it'll be worth it. <a href="https://t.co/s3ayqMBpsY" rel="noopener noreferrer nofollow">https://t.co/s3ayqMBpsY</a>
 — Armani Ferrante (@armaniferrante) <a href="https://twitter.com/armaniferrante/status/1760147504639926408?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 21, 2024</a>
</blockquote>
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In September 2022, Backpack raised $20 million via blockchain firm Coral to evolve as a digital wallet for executable non-fungible tokens (xNFTs), which the firm described as “analogous to WeChat mini-programs.”&nbsp;
The funding was co-led by FTX Ventures and Jump Crypto with participation from Multicoin Capital, Anagram, K5 Global, Frictionless, and other strategic investors.&nbsp;
In November 2023, the Wall Street Journal <a href="https://www.wsj.com/finance/currencies/key-witness-at-sam-bankman-fried-trial-to-launch-new-crypto-exchange-80d1edce" rel="noopener noreferrer nofollow">learned</a> that Backpack was looking to sell a 10% stake that would value it at over $100 million.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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New Crypto Exchange Backpack Now Offering Services In 11 US State

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