With Mad Lads on Top, Solana Exchange Backpack Sets Its Sights on Coinbase
Summary
Backpack, a crypto exchange, raised $17 million in Series A funding, valuing it at $120 million. It aims to set a gold standard for security and trust. The exchange supports Solana trading and plans to expand to Ethereum and Bitcoin. Backpack obtained a license in Dubai and is seeking licensing in Japan. It aims to innovate in exchange architecture, trading execution, custody, and compliance. The founder believes the industry is maturing, presenting growth opportunities for the exchange.
