Backpack Exchange - Earn Points for Airdrops

Overview of Backpack Exchange

Backpack Exchange is a centralized cryptocurrency exchange (CEX) launched in 2023 by Backpack Technologies, a company founded in 2022 by Solana developer Armani Ferrante. It's deeply integrated with the Solana ecosystem, offering a seamless blend of trading, wallet functionality, and DeFi-like features such as lending and earning yields. The platform emphasizes user-friendliness, regulatory compliance, and capital efficiency, serving over 500,000 users across 150+ countries. As of September 2025, Backpack has expanded aggressively, including acquiring FTX EU in January 2025 for $32.7 million and launching a regulated perpetuals exchange in Europe under MiFID II licensing in Cyprus. This positions it as one of the first fully compliant venues in the EU for crypto derivatives like perpetual futures, alongside competitors like Kraken.

Unlike decentralized platforms like edgeX Exchange (a perp DEX incubated by Amber Group), Backpack operates as a regulated CEX with custodial elements but prioritizes self-custody options via its wallet. It supports spot trading for 45+ cryptocurrencies (primarily paired with USDC, including BTC, SOL, ETH), perpetual futures (launched in early 2025 with up to 10 assets initially), margin trading, and auto-lending for passive income. Key pairs include BTC/USDC, SOL/USDC, and others, with futures extending to BTCUSDT-style perpetuals. The exchange uses a cross-margin system for optimized capital use and isolated sub-accounts for risk management.

SIGN UP : https://backpack.exchange/

Security and Compliance

Backpack prioritizes robust security, earning above-average ratings on platforms like Cer.Live and Certik due to no major incidents, an active bug bounty program, and zk-proofs for reserves. It uses multi-party computation, state machine replication, and independent node validation to avoid single points of failure—lessons learned from past exchange collapses like FTX (ironically, its former investor). The platform is fully regulated globally, with EU expansion via FTX EU acquisition enabling compliant perpetuals trading. Recent audits confirm no vulnerabilities from npm package issues, and users retain self-custody control. 

Incentives and Community

Backpack features a points program (Bronze to Challenger levels) where users earn via trading volume, lending, referrals, and quests—potentially qualifying for future airdrops or rewards like $SWTCH tokens. 




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