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Backpack Exchange

Backpack Exchange

Private
SingaporeCrypto & Web3https://backpack.exchange/

Last Round

Strategic

Feb 9, 2026

Est. Valuation

$1.05B

Total Funding Raised

$37M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Backpack Exchange is a cryptocurrency exchange company that provides a regulated platform for spot and perpetual futures trading, alongside a non-custodial wallet and NFT ecosystem.

Sector

Crypto & Web3

Verticals

Crypto Exchanges, Digital Wallets, Blockchain Infrastructure

Business Model

B2C

Customer Profile

Payment Processing Fee, Marketplace Commission

AI Layer

Non-AI

Keywords

cryptocurrency exchangeCEXnon-custodial walletself-custodySolanacrypto walletxNFTsexecutable NFTsspot tradingperpetual futurescrypto trading platformknow your customerKYCfiat on-rampweb3 wallet

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Backpack Exchange Comparables

Compare Backpack Exchange with similar companies based on industry and business-model similarity.

Backpack Exchange comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Bitget
80%
CoinEx
77%
Jupiter
74%

Backpack Exchange Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
StrategicFeb 9, 2026
Series AFeb 28, 2024
SeedSep 28, 2022

Key People

Founding team and executive leadership

Armani Ferrante

Founder and CEO

Founding Team

salahuddin khan

CEO

Executive Team

Oliver Sleafer

CFO

Executive Team

Backpack Exchange Investors

Notable investors and investment history

Backpack Exchange investors
InvestorRounds
Multicoin CapitalSeed
AnagramSeed
Robot VenturesSeries A
FTX VenturesSeed
K5 GlobalSeed
HashedSeries A
Placeholder Venture CapitalSeries A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 24, 2026

    Monthly visitors increased 53% MoM, reaching 270.3K.

Backpack Exchange Filings

Explore SEC and related filing metadata, where available.

Backpack Exchange filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Backpack Exchange's valuation, stock price, and market status.

Is Backpack Exchange a public or private company?

Backpack Exchange is a private company.

What is the current stock price of Backpack Exchange?

Backpack Exchange is a private company with no public stock price. No recent secondary market data is available.

How much is Backpack Exchange worth (valuation)?

Backpack Exchange's valuation is estimated at $120.0M based on funding round data.

Can I buy Backpack Exchange stock?

Backpack Exchange shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Backpack Exchange's last funding round?

Backpack Exchange's most recent funding round was Series A on February 28, 2024.

Who are the main investors in Backpack Exchange?

Key investors in Backpack Exchange include FTX Ventures, Jump Crypto.

Will Backpack Exchange IPO soon?

No public IPO plans have been announced for Backpack Exchange.

How can I track Backpack Exchange secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Backpack Exchange's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersSingapore
Employee Range61
Year Founded2022
Last FundingFeb 9, 2026

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