Promoted Nathan Smith to COO.

Listed EDGE-PERP (EdgeX perpetual futures) trading pair with a trading campaign targeting $1M volume in the first week, beginning on 2026-03-31.

Trading spread of 334% exists between Backpack Exchange and OKX for MON token, creating arbitrage opportunities for borrowers.

Acquired FTX EU business for $32 million in January 2025

Sunrise_DeFi liquidity pools launch on Meteora at TGE.

Listed ZEC for spot trading, collateral, lending, borrowing, and perpetuals, and enables on/off ramp from USD banks globally.

Perpetual contract for BP token launched on Bybit with up to 5x leverage available for trading.

integrated into ritmex-bot, a CLI trading tool that enables AI agents to execute trades across 8 exchanges including Backpack Exchange

Participated in a Prediction Market summit in Tokyo hosted by Tané Labs, discussing global expansion and integration of prediction markets with other financial products.

Attended FIA Boca derivatives conference in March 2026 alongside other crypto and traditional finance players.

Partners with Aptos.

Established a partnership or collaboration with Polygon.

Launched 0% fees on bridging and swapping within Backpack wallet on Monad and Sei, partnering with Sui.

Released an updated chrome extension with increased width.

Introduced 75x leverage trading on the platform.

Ranked #1 on CoinGecko's "Most Anticipated TGEs of 2026" list, increasing visibility ahead of token generation event.

Introduced a launchpad feature or platform.

Holds MiFID II license in the EU.

Hired Mark Wetjen, former CFTC Commissioner & Acting Chairman, and MIAX/DTCC executive, as President of Backpack US on 2026-03-05 to lead US expansion.

Completed a backend upgrade on March 2, 2026, which enabled measurement of API latency and performance metrics for trading operations.

Offers VIP perks and VIP tiers to Mad Lads NFT holders on the exchange platform.

Reserves 20% company equity for token stakers who stake for 1 year, convertible to legal equity with priority IPO allocation if IPO succeeds before February 2026. Team and investors hold only equity, not tokens.

Launched price alerts feature on mobile app, accessible via bell icon on the trade page.

Hosts a town hall on 2026-02-13 at approximately 15:00 GMT to explain tokenomics.

Launched SEC-registered tokenized real equities (not derivatives) on Solana for direct company ownership. Partnered with Superstate for non-US IPO ownership. Waitlist launched 2026-03-04; trading goes live 2026-03-23 12pm UTC, with withdrawals shortly after.

Negotiating $50M funding round at a $1B pre-money valuation, released token distribution plans.

Set total token supply at 1 billion tokens, with 25% (250 million tokens) allocated at TGE to airdrop recipients including points farmers and Mad Lads NFT holders.

Opened claiming for MadLads NFT holders, allocating 10 million tokens (1,000 per NFT), and launched an allocation checker for airdrop eligibility. KYC required by 2026-03-15; re-verification closes 2026-03-16. TGE 2026-03-26.

Launched waitlist for IPO offerings, allocating 37.5% of total token supply (625 million tokens) with unlocking tied to milestones including credit card rails integration, USA, Japan, and EU expansion.

Distributes liquid tokens with predictable unlocks tied to growth milestones such as regional launches, new product releases, and entering new markets.

Currently serves approximately 48% of the world with plans to expand into remaining regions.

Launched unified prediction portfolio feature; plans prediction market product. Founder speaks at Solana Consumer Day in Hong Kong on February 10, 2026.

Added spot trading for PAXG (Paxos Gold), Canton, XMR (Monero), and STRK tokens.

Raised $37M. Launched $BP token on 2026-03-22 at $0.27 on Solana with 250M tokens (25% supply) circulating, and trading on exchanges, including OpenOcean since 2026-03-23.

Has no market maker deals in token distribution structure.

Has no OTC or private token sales in token distribution structure.

Allocated 240 million tokens to points holders with sybil reallocation. Operates a live point system where users earn points through perpetual trading, lending, and referrals, distributing 10 million points per week across four 10-week farming seasons, totaling 400 million points.

Launched Convert feature on mobile app

Set $BACK tokenomics: 1B supply, 25% TGE unlock (24% to points holders, 1% to Mad Lads), zero TGE allocation to founders, employees, or investors. Allocates 37.5% pre-IPO for growth, 37.5% post-IPO for treasury; team vesting tied to equity and IPO, with initial airdrop allocations auto-staked at launch, unstaking available anytime in first 7 days, and a 7-day unstaking period thereafter.

Confirmed that no airdrop will occur for Backpack Exchange, clarifying that neither current nor future airdrops are planned.

Offers up to $1,000 in rewards for feedback on its mobile app.

Listed Fogo ($FOGO) for spot and perpetual futures trading, with 0-fee trading on FOGO perps for 7 days starting January 14, 2026.

Launched perpetuals futures trading in January 2025, featuring a multi-asset cross-margin system with a unified collateral pool across spot and perpetuals, earning 3.66% on unrealized PnL.

Listed among Sei Network's supported access points for users to enter the Sei ecosystem, alongside major exchanges like OKX, Coinbase, and Robinhood.

Included in crypto watchlist for next 6 months as a Solana exchange capturing retail flow with perp support, classified as an orderbook-based offchain perps and spot exchange on Solana.

Backpack Exchange runs an omikuji (fortune-telling) campaign.

Reached $1.7 billion in perpetuals trading volume, 2x Kraken's, and processed $500 billion notional trading volume since January 2025.

Joined the Phishing Defense Network as a founding partner alongside MetaMask, WalletConnect, and Phantom for real-time detection and protection against advanced phishing threats.

Experienced a trading glitch involving LIT/Lighter that caused liquidations, then reimbursed affected users with no net losses.

Enabled KYC for Japan residents, with a pending license application in Japan.

Offers borrowing at 0.6% for ETH and 0.29% for HYPE.

Running a $100,000 prize pool competition for top realized PnL traders who trade $1M+ perpetuals volume and post their PnL card.

Platform offers 16% annual yield on MON tokens through combined lending and staking rewards.

Proof of Reserves feature is available on the platform as a security and transparency measure.

Integrated full Monad wallet support and operates as number one Monad validator, staking 90 times more MON than Monad Foundation. Offers MON token lending, native staking, lending yield (with lent assets usable as perps collateral), and stablecoin issuer/vault yield on idle deposits.

Generated over $100M in revenue in 2025.

Platform adds configurable withdrawal delays as optional security feature, with address book whitelisting to skip delays and email notifications for withdrawal requests.

Grid Bot trading feature goes live on the platform, with a demonstration stress test conducted during FOMC meeting volatility.

Season 4 motto establishes priority hierarchy: PnL over Volume over Points for the ongoing season.

Liquidation push notification warnings launch on the mobile app, providing real-time alerts to users.

$STABLE token trading goes live on the platform at launch, with limited-time achievements and rewards available.

Total perpetuals volume hits $250 billion milestone in Season 4, Week 2, with the season having 8 weeks left.

Backpack support launches on CollabLand, enabling all CollabLand communities to connect with Backpack across EVM and Solana chains for token-gated roles, access, and verification.

Transaction simulation feature launches on Monad integration, enabling users to see projected outcomes of transactions before confirming, with Blockaid technology powering the implementation.

TGE liveness check active, expected 2026.

Launches auto-lend feature, earning 5% on USDC by deploying idle balances while allowing simultaneous trading.

Backpack integrates with OpenMind AGI platform, enabling users to connect Backpack wallets and claim Backpack badges on the OpenMind app.

Three new community team members join the project (@ayo_bandara, @Uchiha0011, @lorxxcy) and an Abu Dhabi meetup is announced for traders and community members.

Offers zero fee Monad token swapping.

Platform adds $MON collateral support, borrow-lend markets, and spot margin trading capabilities now live.

The platform uses Zerion API infrastructure for sub-second portfolio, token, and NFT data loading on Monad chain.

The platform offers zero fee USD on/off ramps from local banks globally and zero fee bridging for USDC/USDT to Monad mainnet.

$MON spot and perp trading goes live with up to $32K in rewards available through Monad Mania trading event.

Deposits open for $MON, $USDC, and $USDT following Monad Mainnet launch, with early users earning $20K+ and 50 NFTs through wallet activities and $MON spot and perp trading coming soon.

Zero-fee validator launches for staking Monad tokens, with users confirming successful staking operations.

The platform airdrops $MON, $CHOG, and other Monad ecosystem tokens throughout 24 hours for Monad Mainnet launch. Participation requires importing claim wallet and posting deposit address screenshots.

Monad integration launches tomorrow with fully integrated wallet features including swap, mint, explore, zero bridge fees, and perpetuals and spot trading on the exchange.

The platform launches aggregate subaccount portfolio viewing feature, allowing users to check their combined subaccount portfolios in one view.

Started Token Generation Event (TGE), unlocking 25% of total token supply (250 million tokens): 24% for Points airdrop (240 million tokens) and 1% for Mad Lads (10 million tokens).

App upgrade launches with integrated wallet, exchange, and DEX functionality in one application, optimized for users managing multiple wallets.

The platform will add credit cards and collateralized credit lines that enable borrowing against crypto collateral without liquidating positions.

Season 4 starts and new products are coming to the platform.

Backpack integrates Monad ecosystem on mainnet launch day (Monday) with MON spot and perpetual trading available from Day 1. Early users receive rewards through partnerships with naddotfun and lootgo_official, plus prize distributions including $10K in MON, 20 ChogNFT, and 30 Lilstarrrs.

The exchange hit $2B+ daily volume highs and surpassed $300B in cumulative trading volume.

Trading volume on the exchange has grown approximately 10x year-to-date.

Backpack acquired FTX Europe and reimbursed $50 million to FTX collapse victims.

Backpack generated $20 million in revenue during October 2024.

Season 3 enters its final week before ending.

Armani Ferrante will speak at Solana's Breakpoint conference in Abu Dhabi to present updates about Backpack.

A Backpack team member officially joins and participates in a newly formed Base user community in Japan, expanding regional community presence.

Captain Affiliate Program launches, enabling participants to earn fees through education, retention, and user onboarding activities.

Stablecoin infrastructure is under development.

A points campaign offering rewards for existing wallet tokens has 4 days remaining, with Backpack wallet users receiving doubled points during the promotion.

Automated Liquidity Platform rolls out now, with RFQ & Convert system going live, trading bots coming soon, and Stocks v1 launching soon with Superstate partnership.

Armani Ferrante announced Backpack cards are incoming, expanding the platform into card-based financial products.

Backpack Exchange reached $200B in total perpetuals trading volume as of Season 3 Week 8.

A community call on November 9 will cover Backpack Season 3 and a Monad airdrop for MadLads holders.

New features are live: TradingView charts for exchange trading and pending bridge transaction management in the wallet.

Monad Mainnet will be fully supported on both Backpack Wallet and Exchange at launch day 1.

PAXG (Paxos Gold) is now available on the platform, allowing users to invest in gold-backed cryptocurrency.