Crypto Exchange Backpack Expands Services in the US 🚀
Crypto exchange Backpack, founded by former executives from FTX and Alameda Research, has announced that it is now offering its services to customers in several U.S. states. This move marks the exchange’s expansion into the American market, as it aims to deepen its presence and attract more users.
According to Backpack’s help center, the exchange is now available in 11 U.S. states, including California, Colorado, Wisconsin, Wyoming, and others. This expansion allows crypto enthusiasts in these states to access the platform and enjoy its features.
- Backpack raised $20 million in September 2022 through a funding round led by FTX Ventures and Jump Crypto.
- The funds were intended to transform Backpack into a digital wallet for executable non-fungible tokens (xNFTs).
- The Wall Street Journal reported that Backpack was seeking to sell a 10% stake in November 2023, valuing the company at over $100 million.
Hot Take: The Future of Backpack 🔥
With its expansion into multiple U.S. states, Backpack is positioning itself as a key player in the American crypto market. Here’s what this means for you:
- You can now access Backpack’s services if you reside in one of the 11 supported U.S. states.
- Backpack’s focus on becoming a digital wallet for xNFTs opens up new opportunities for crypto enthusiasts interested in this emerging asset class.
- The company’s successful funding rounds and potential valuation indicate confidence from investors and suggest a promising future for Backpack.
If you’re looking for a reliable and user-friendly crypto exchange, Backpack may be the perfect fit for you. Explore its features and take advantage of the services it offers in your state!
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