The Backpack exchange is preparing to launch in the US

The crypto exchange #backpack is expected to launch in the US this year, starting with spot trading in various states. This is a strategic move by the company, founded by former employees of the collapsed FTX exchange, aimed at penetrating the largest market in the world.

Prioritizing trust and transparency

Armani Ferrante, CEO of Backpack, stated that the launch in the US depends on the company obtaining the necessary money transfer licenses. He believes that Backpack's focus on "minimizing trust" will create a competitive advantage. Specifically, Backpack provides daily proof-of-reserves reports, a method to verify the crypto they hold. This approach is clearly inspired by the frauds that occurred at #FTX , where former employees of this exchange, including Ferrante, suffered losses.

Global expansion

Currently, Backpack is present in Japan and the EU. In the EU, the company has started offering perpetual futures trading services after acquiring FTX EU. Ferrante believes that entering the US market will help Backpack capture the largest market share in the shortest time, asserting its position in the global crypto market. #anh_ba_cong