Stablecoin

Billion

Daily

<a href="https://bitcoinworld.co.in/solana-based-backpack-crypto-exchange-attains-1b-daily-trading-volume-just-5-days-after-pre-season-beta-launch/" title="Solana-based Backpack Crypto Exchange Attains $1B Daily Trading Volume Just 5 Days After Pre-season Beta Launch" rel="noopener noreferrer nofollow"></a>
The Solana-based Backpack crypto exchange has <a href="https://twitter.com/Backpack/status/1756898782300799180" rel="noopener noreferrer nofollow">made</a> a splash in its pre-season beta launch, racking up $1 billion in daily trading volume on February 18, according to the exchange’s official <a href="https://twitter.com/Backpack/status/1759210506865238190" rel="noopener noreferrer nofollow">X</a> post.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 &gt;$1 Billion 24H Volume on <a href="https://twitter.com/Backpack?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Backpack</a> Exchange <a href="https://t.co/qGWh4f4tuS" rel="noopener noreferrer nofollow">pic.twitter.com/qGWh4f4tuS</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/1759210506865238190?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The exchange launched its pre-season beta on February 13, and users’ trading volume will be used to determine their “rank” on the platform.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 |NEW BEGINNINGS|
 Your Backpack Exchange trading volume will be a key factor in determining your Backpack Rank starting Feb 13 2300 UTC.
 That's the tweet. <a href="https://t.co/rbiKcrfeMK" rel="noopener noreferrer nofollow">pic.twitter.com/rbiKcrfeMK</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/1756898782300799180?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Launched by the creators of the popular Mad Lads NFTs, Backpack leverages the hype surrounding both its origin story and the underlying Solana blockchain technology.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/coinbase-under-fire-for-its-lack-of-insight-into-its-etf-business/" aria-label="“Coinbase Under Fire For Its Lack Of Insight Into Its ETF Business” (Edit)" rel="noopener noreferrer nofollow">Coinbase Under Fire For Its Lack Of Insight Into Its ETF Business</a>
The exchange boasts impressive trading metrics, including ultra-fast order placement and cancellation times.
Backpack’s main SOL/USDC trading pair alone <a href="https://twitter.com/MagFomo/status/1759170042770723020" rel="noopener noreferrer nofollow">generated</a> over $800 million in 24-hour volume on February 18, flipping the SOL/USDC pairs on leading centralized exchanges.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING:<a href="https://twitter.com/Backpack?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Backpack</a> exchange is currently flipping <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@binance</a> daily in terms of CMC for SOL/USDC.
 24 hour vol = $800M, with ~2.5B total volume so far <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <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;"> <a href="https://t.co/fHzicZzthU" rel="noopener noreferrer nofollow">pic.twitter.com/fHzicZzthU</a>
 — FOMO (@magFOMO) <a href="https://twitter.com/magFOMO/status/1759170042770723020?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
This early dominance signals potential, though long-term sustainability remains to be seen.
Adding to its credibility, Backpack secured a virtual asset service provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA) in October 2023.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/circle-executive-wants-the-us-treasury-department-to-probe-rival-company-tether-is-this-stablecoin-wars/" aria-label="“Circle Executive Wants The US Treasury Department To Probe Rival Company Tether, Is This Stablecoin Wars?” (Edit)" rel="noopener noreferrer nofollow">Circle Executive Wants The US Treasury Department To Probe Rival Company Tether, Is This Stablecoin Wars?</a>
This, coupled with other operational licenses obtained throughout the latter half of 2023, demonstrates the exchange’s commitment to compliance and regulatory clarity.
<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.
</blockquote>
&nbsp;
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/solana-based-backpack-crypto-exchange-attains-1b-daily-trading-volume-just-5-days-after-pre-season-beta-launch/" rel="noopener noreferrer nofollow">Solana-based Backpack Crypto Exchange Attains $1B Daily Trading Volume Just 5 Days After Pre-season Beta Launch</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Solana-based Backpack Crypto Exchange Attains $1B Daily Trading Volume Just 5 Days After Pre-season Beta Launch

ItsBitcoinWorld

Các bài viết khác được xuất bản trên 20 thg 2, 2024

Bitcoin: Bullish sentiment, yes, but are buyers tired now?

Analyst Predicts Rise for Ethereum and Altcoins as Bitcoin Approaches Peak

What is the Best New Meme Coin to Buy for the 2024 Bull Market? Explore Crypto Analysts’ Top Picks

Bitcoin and Altcoins Show Positive Trends Despite Volatility

Ethereum Price Prediction: Will ETH Hit $3.3K In February?

Bitcoin Officially Recognized as a Commodity in the US

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!