NMLSRegulated
United States Crypto Asset Transfer License (MTL)
Backpack
Regulated in United Arab Emirates
Crypto Asset Exchange License (CEX)
Proof of Reserves
Crypto Lending Support
Basic Information
Country/RegionUnited Kingdom
Exchange AbbreviationBackpack
Operating Period2-5 years
Websitehttps://backpack.exchange/
Influence
ARating
Main Affected Regions
VARARegulated
United Arab Emirates Crypto Asset Exchange License (CEX)
AUSTRACActive
Australia Virtual Asset Service Provider (VASP)
Asset Reserves
Exchanges with reserves exceeding 52.45%
30 /100
$141,330,000
CBBTC$49.99M
Capital flows
Exchanges with 24H inflows exceeding 55.99%
23 /100
+$1,933,306.38
1.38% StableTrading Volume
Exchanges with 24H trading volume exceeding 70.02%
93 /100
$23,850,000
53.32% Exchange Overview
Exchange Overview
Backpack is a regulated centralized exchange (CEX) that operates in jurisdictions across the world.
* Streamlined KYC (Know Your Customer) process
* Multi-Party Computation
* Low latency order execution
* Customer self-custody
Backpack operates on the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).
VARA is the worlds first independent regulator for virtual assets. They provide a framework for Backpack to operate transparently in all jurisdictions:
* robust KYC requirements
* investor safeguards
* ongoing audits
Business Region
InfluenceA0
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