The Rise of Backpack Exchange
Recent reports suggest that Backpack Exchange, a crypto trading platform founded by former FTX and Alameda executives, is in negotiations with investors for a new funding round at a valuation of around $1 billion.
Strong Market Interest
Given the impressive track record of the founding team, the platform has already drawn significant attention, even before its official launch. Market observers are eager to see how it will perform.
The Centralized Approach
Unlike many decentralized platforms, Backpack Exchange has chosen a centralized model, which the team believes will allow for smoother operations and a better user experience.
- Valued at $1 billion
- Backed by former FTX and Alameda talent
- Centralized structure stands out