Backpack, the Dubai-based crypto exchange led by former FTX and Alameda Research executives, has made waves once again with its latest announcement of expanding its services to the United Kingdom. Notably, this development comes on the heels of a successful funding round and marks a significant milestone for the burgeoning exchange.
So, let’s delve into the details of Backpack’s expansion and its impact on the crypto market.
Backpack Expands Global Foothold With UK Expansion
Backpack Exchange, spearheaded by former FTX and Alameda Research employees, has set its sights on the UK market, showcasing its rapid growth trajectory since its inception. With a recent funding round securing $17 million, Backpack has positioned itself as a formidable player in the crypto exchange landscape.
Founded by CEO Armani Ferrante, a veteran of Alameda Research, and co-founder Can Sun, formerly of FTX, the crypto exchange has already amassed a valuation of $120 million. Notably, several crypto market watchers have lauded the recent announcement of Backpack expanding its services to the UK, as…
