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    Anu T S in Crypto News

    28 Feb 01:30 PM


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    Backpack crypto exchange’s success is a testament to a maturing industry: Founder

    The crypto industry is at an inflection point following legacy bank failures and black swan events in the crypto space, according to the Mad Lads founder.

    The success of the recently launched Backpack cryptocurrency exchange was a testament to a maturing crypto industry that demands more trustworthy exchanges, Armani Ferrante, the founder and CEO of Backpack, told Cointelegraph in an exclusive interview on Feb. 27.

    “What we saw was ultimately just validation of the thesis that the world needs a new trustworthy crypto exchange,” he said.

    Ferrante added that the exchange is also focused on global expansion. Backpack received a virtual asset service provider license from the Dubai Virtual Assets Regulatory Authority in October 2023. The Solana-based exchange bagged many other operational licenses across several jurisdictions worldwide in the last half of 2023.

    #Blockchain
    #Banks
    #Cryptocurrency Exchange
    #DeFi
    #Exchanges

    Source - Coin Telegraph