Backpack Exchange
PrivateLast 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
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Backpack Exchange Comparables
Compare Backpack Exchange with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Bitget | 80% | |
| CoinEx | 77% | |
| Crypto.com | 75% |
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Backpack Exchange Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Feb 9, 2026 | ||||
| Series A | Feb 28, 2024 | ||||
| Seed | Sep 28, 2022 |
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Key People
Founding team and executive leadership
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Backpack Exchange Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Multicoin Capital | Seed |
| Anagram | Seed |
| Robot Ventures | Series A |
| FTX Ventures | Seed |
| K5 Global | Seed |
| Hashed | Series A |
| Placeholder Venture Capital | Series A |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Jul 24, 2026
Monthly visitors increased 53% MoM, reaching 270.3K.
- Oct 6, 2025
Launched BNB trading, margin, and lending services.
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Recent news
Latest coverage and updates
- partners_withOct 29, 2026
On Oct 29th '26 in California, Backpack and SK Securities Co., Ltd announce a strategic partnership to offer Korean stock trading to eligible non-resident foreign investors through the Backpack app and develop opportunities in tokenized securities and real-world assets.
- identified_as_competitor_ofOct 26, 2026
On Oct 26th '26, Backpack is identified as a competitor of xStocks after recording $500 million in weekly tokenized stock volume and surpassing it in the crypto market, according to CryptoTwitter commentator @SolanaFloor.
- launchesOct 21, 2026
Backpack launches BP on Mar 23rd '26 as a token offering trading-fee discounts, platform rewards, staking and ecosystem access.
- hiresOct 12, 2026
Backpack appoints Daisuke Nakagawa as Head of Strategy and Corporate Development at its Japan division on Oct 12th '26, drawing on his regulatory experience at Kraken Japan and Binance Japan.
- launchesOct 5, 2026
Backpack launched a tokenized version of the iShares MSCI Brazil ETF on Solana through Sunrise on Oct 5th '26, with tokens redeemable 1:1 for traditional ETF shares.
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Backpack Exchange Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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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, so its shares have no public market price. Caplight tracks Backpack Exchange's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Backpack Exchange worth (valuation)?
Backpack Exchange's valuation is estimated at $1.1B 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.
When was Backpack Exchange's last funding round?
Backpack Exchange's most recent funding round was Strategic on February 9, 2026.
Who are the main investors in Backpack Exchange?
Key investors in Backpack Exchange include FTX Ventures, Placeholder Venture Capital, 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 in Backpack Exchange's shares on secondary markets.