We’ve been so busy with product announcements that we haven’t had a chance to give updates on Europe. We’re ready, and we’re coming. 🎒

$SPCX goes live on @Solana via @SunriseDeFi following SpaceX’s Nasdaq debut. Issued by Backpack Securities. On/off-ramp SpaceX shares between traditional brokers and Solana.

Public Beta is live. Trade real US stocks and ETFs alongside crypto, perps, and yield, all within one account. Real ownership under New York law. Cash dividends, brokerage transfers, and corporate actions rolling out during Public Beta. 24/5. Instant execution. Traditional market liquidity. No fees in June: backpack.exchange/stocks

Path to Liftoff has begun. Trade crypto & perps. Earn up to $500 in SpaceX $SPCX stock. The Crypto Stock Broker 🎒 Live now: backpack.exchange/quests?id=…

The ticker is $BP. BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy

Come hear all things TGE 🎒 Live on Twitch. Today. twitch.tv/armaniferrante

We're excited to welcome Mark Wetjen as President of Backpack US. Mark previously served as CFTC Commissioner & Acting Chairman and Head of Global Public Policy at DTCC, and was among the first U.S. regulators to advocate for clear regulatory frameworks and market infrastructure for crypto. He will lead Backpack’s U.S. expansion as we continue building regulated, onchain financial infrastructure bridging crypto and traditional finance. Products. Compliance. Expansion.

introducing the next Backpack token utility, we'll be building out this year. IPOs, on chain, directly on Backpack. Normally when companies go public, the founders and executives go on a roadshow, sharing their story and garnering interest from Wall Street institutional buyers purchasing shares before they go public. For most, you normally have to wait for the stock exchanges to go live before getting access to these shares through your brokerage. What we're doing: working with Superstate for Backpack to become a stop on the roadshow, so that our users can get access to these IPOs before trading goes live on national stock exchanges. The catch: Our ability to do this successfully is purely a function of the Backpack community. The more active and valuable our users, the more viable Backpack is a venue for capital formation. As a result, we've put together this waitlist to collect interest from our users today on this product. The early users that signup will get early access to the first IPO. The more people that sign up for this, the more engaged and active our community is here, the better access we will get to companies when they go public. This will be the first test of the community. This is an enormously valuable opportunity, and we need your help signing up for this so that we can go out and get the best IPOs for everyone here that we can. The ask: add yourself to the waitlist now. We have a lot more coming on this front, and this is a perfect example of why we did not build a DEX. This is only something a compliant product can do. Go big or go home.

New earn tab is live. Update your @Backpack mobile. 🧱🧱🧱

I didn't come into crypto 9 years ago to launch a shit coin. I didn't come into crypto to get rich quick. I came into crypto because I believe it's going to change the world, and that the industry was something worth dedicating my life to. But somewhere along the way, amidst the booms, the busts, the moonshots, the decentralization theater, and the straight up scams, we lost our way. I don't know about you, but I'm just tired of false promises. And that's what most things are today, simply promises. We live in the most centralized era crypto has ever experienced, and the more centralized something is, the less meaningful a token is. While it's tempting to want to commit to these same promises, what happens if the team gets acquired? What happens if we want to re-invest into growth? What happens if we divert our time, energy, and resources out of band and circumvent the token altogether? What happens when the team and investors unlock? For many projects, the honest answer to these questions is not pleasant, and you see it in the price chart over and over again. Unless something is completely decentralized to the point where an immutable protocol can function with the team having retired in the Bahamas sipping pina coladas all day, then utility is just a promise. Often that promise is admirable and well intentioned--but ultimately an unenforceable promise nonetheless. Outside of BTC, ETH, SOL, and a few others, nothing really passes this test. Noble new token models have emerged to solve this problem (shout out to MetaDAO), and today, we introduce our own. Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio--20% of the company today. It's such a simple idea, but as far as I'm aware, this is the first time a user has been able to earn the equity of a company by just using the product. So obvious in hindsight, and something I hope others start to adopt as they march on their path to progressive decentralization--both in crypto and outside of the industry. We have a lot more utility coming, things we'll share over the coming weeks, months, and year. As the Backpack community grows, we will decentralize the token, offering new things over time, some centralized like our equity offering, some decentralized as our product evolves. In the limit, I expect the token to represent more than anything a single company has to offer, but in the short run, it's the best we can do to show our long term commitment to our users. I've said it before and I'll say it again. I can't promise anything. The only thing I can promise is commitment. We go big or we go home--together, actually together.

Scheduled Maintenance We're upgrading our systems on Saturday, February 21 at 8pm UTC to upgrade our infrastructure and reduce latency. Downtime is expected to last up to 30 minutes. Trading and transfers will be unavailable during the window. Please manage your orders and positions in advance.