{"id":26518,"date":"2024-02-21T11:08:06","date_gmt":"2024-02-21T11:08:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/backpack-crypto-exchange-rolls-out-in-11-u-s-states\/"},"modified":"2024-02-21T11:08:06","modified_gmt":"2024-02-21T11:08:06","slug":"backpack-crypto-exchange-rolls-out-in-11-u-s-states","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/backpack-crypto-exchange-rolls-out-in-11-u-s-states\/","title":{"rendered":"Backpack Crypto Exchange Rolls Out in 11 U.S. States"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Backpack, a crypto exchange <a href=\"https:\/\/igaming.org\/crypto\/former-ftx-executives-launch-exchange-in-post-scandal-reckoning\/\">founded<\/a> by former FTX and Alameda Research executives, has recently expanded its reach in the United States, now serving customers in 11 states. This is a big step for the company in establishing its footprint in the American market. The states now able to access Backpack\u2019s services include California, Colorado, Wisconsin, Wyoming, among others, as detailed in the company\u2019s help center.<\/p>\n<p>The exchange, currently in its beta phase, was co-founded by Can Sun, FTX\u2019s ex-general counsel, and Armani Ferrante, a former software developer at Alameda Research. Demonstrating its ambitious growth plans, Backpack has also <a href=\"https:\/\/igaming.org\/crypto\/dubais-vara-grants-vasp-license-to-backpack-launches-backpack-exchange\/\">obtained<\/a> the Virtual Asset Service Provider (VASP) license from Dubai\u2019s Virtual Assets Regulatory Authority (VARA).<\/p>\n<p>Armani Ferrante, now CEO of Backpack, on X expressed the company\u2019s intention to further expand its presence across the U.S., though no specific timelines for this expansion have been provided. The company\u2019s strategic move in September 2022 saw it raising $20 million through blockchain firm Coral. This funding aimed to develop Backpack into a digital wallet for executable non-fungible tokens (xNFTs), likened to WeChat mini-programs. The financing round saw contributions from notable investors, including FTX Ventures, Jump Crypto, Multicoin Capital, Anagram, K5 Global, Frictionless, and other strategic partners.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>250% Extra + $125 Free Chip!<\/strong><\/strong> <\/p>\n<p>New players only. 250% on 1st Deposit + $125 Free Chip<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/backpack-crypto-exchange-rolls-out-in-11-u-s-states\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Backpack, a crypto exchange founded by former FTX and Alameda Research executives, has recently expanded its reach in the United States, now serving customers in 11 states. This is a big step for the company in establishing its footprint in the American market. The states now [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":26519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26518"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26518"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26519"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}