Backpack is a fully regulated crypto platform that combines a fast-growing international spot and derivatives exchange with a powerful self-custodial wallet. Backpack Exchange offers a secure, compliant, and easy-to-use trading experience for users worldwide. Together, Backpack serves as an all-in-one crypto app, enabling users to buy, hold, sell, and transfer digital assets while maintaining full control of their funds. Backpack acquired FTX EU in Q1 of 2025 for $32M and has continued to unlock licenses in key jurisdictions as part of its mission to be the most user-friendly, performant, and compliant exchange globally.