Backpack Appoints Former CFTC Acting Chair as President
Key Highlights Backpack has announced the appointment of former CFTC Acting Chairman Mark Wetjen as U.S. President At the CFTC, Wetjen supervised derivatives oversight under...
Tag : Backpack
Backpack Pledges 20% Equity to Token Stakers Amid IPO Expansion Plans
Backpack Exchange has introduced a model allowing users to exchange their platform tokens for a collective 20% stake in the company’s equity. Backpack CEO Armani...
Backpack to Give 20% Equity to Token Stakers Ahead of IPO
Backpack Exchange on Monday unveiled a novel incentive for its upcoming Backpack token: committed stakers of at least 12 months can swap tokens for equity...
Backpack Offers 20% Equity to Token Stakers Ahead of IPO
Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as...
Backpack Offers Equity to Long-Term Token Stakers in New Plan
Key Highlights: Backpack CEO Armani Ferrante said that the company will let users convert staked tokens into up to 20% company equity. The plan links...
Backpack EU Launches after “Fulfilling Promise” to Refund Ex-FTX Customers
Backpack Exchange, which acquired the European unit of the now-collapsed FTX, has launched perpetual futures trading in the European Union “after fulfilling [its] promise to...
Backpack Exchange Launches Daily Proof of Reserves
Key Highlights: Backpack Exchange to publish Proof of Reserve daily. The reserve ratio is 100.42%, this indicates that there are more reserves than customer balances....