Backpack Exchange - About the company
Backpack Exchange is a series A company based in Japan, founded in 2023 by Armani Ferrante. It operates as a Provider of crypto exchange and wallet platform. Backpack Exchange has raised $17M in funding from Placeholder. The company has 2077 active competitors, including 215 funded and 45 that have exited. Its top competitors include companies like Coinbase, Bitso and KuCoin.
Company Details
Provider of crypto exchange and wallet platform. It offers a spot trading platform that enables users to buy, sell, and trade cryptocurrencies on the blockchain. It also enables users to trade in derivatives, margins, and more.
- Website
- backpack.exchange
Key Metrics
Founded Year
2023
Location
Stage
Series A
Total Funding
$17M in 1 round
Latest Funding Round
Investors
Ranked
17th among 2077 active competitors
Employee Count
89 as on Jul 31, 2026
Investment & Acquisitions
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Backpack Exchange's funding and investors
Backpack Exchange has raised a total funding of $17M over 1 round. Its latest funding round was a Series A round on Feb 28, 2024 for $*****. 7 investors participated in its latest round. Backpack Exchange has 7 institutional investors.
Here is the list of recent funding rounds of Backpack Exchange:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 28, 2024 | 5219503 | Series A | 4675627 | 9935399 | 9334685 | 6489545 |
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Backpack Exchange's founders and board of directors
Founder? Claim ProfileThe founders of Backpack Exchange is Armani Ferrante. Armani Ferrante is the CEO of Backpack Exchange.
Here are the details of Backpack Exchange's key team members:
- Armani Ferrante: Founder & CEO of Backpack Exchange and founder of 1 other company. Contact Info: 1 email address
View details of Backpack Exchange's Founder profiles and Board Members
Backpack Exchange's employee count trend
Backpack Exchange has 89 employees as of Jul 26. Here is Backpack Exchange's employee count trend over the years:
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Backpack Exchange's Competitors and alternates
Top competitors of Backpack Exchange include Coinbase, Bitso and KuCoin. Here is the list of Top 10 competitors of Backpack Exchange, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Coinbase 2012, San Francisco (United States), Public | Online platform for crypto portfolio | $547M | 87/100 | |
2nd | Online trading and exchange platform for cryptocurrency | $331M | 83/100 | ||
3rd |  KuCoin 2017, Mahe (Seychelles), Series A | Cryptocurrency exchange and trading platform | $180M | 82/100 | |
4th |  CoinList 2017, San Francisco (United States), Series A | App-based trading platform for cryptocurrency | $119M | 80/100 | |
5th | Provider of mobile banking services, including savings, investment, and crypto | $1.72B | 78/100 | ||
6th | Wealthsimple 2014, Toronto (Canada), Series F | Provider of financial services including investing, trading, saving, and borrowing | $1.29B | 77/100 | |
7th |  Sygnum 2017, Zurich (Switzerland), Series C | Digital asset banking platform offering a range of services including trading, custody, staking, and tokenization of assets | $218M | 75/100 | |
8th |  SwissBorg 2016, Lausanne (Switzerland), Series A | B2B robo advisory and crypto wealth management solution | $27M | 74/100 | |
9th |  Voyager 2017, New York City (United States), Public | App-based trading platform for cryptocurrency | - | 73/100 | |
10th | Online trading and exchange platform for cryptocurrencies | $63M | 73/100 | ||
17th |  Backpack Exchange 2023, Japan, Series A | Provider of crypto exchange and wallet platform | $17M | 69/100 |
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Backpack Exchange's Investments and acquisitions
Backpack Exchange has acquired Ftxeurope. Backpack Exchange has not made any investments as of now.Reports related to Backpack Exchange
Here is the latest report on Backpack Exchange's sector:
News related to Backpack Exchange
Filter this listMedia has covered Backpack Exchange for a total of 15 events in the last 1 year, 8 of them have been about company updates and 1 about partnerships.
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Backpack Appoints Multicoin Capital Co-Founder Kyle Samani to BoardGlobeNewswire•Sep 02, 2026•Backpack Exchange
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Backpack Launches First 24/7 Market for Real U.S. EquitiesGlobeNewswire•Jul 10, 2026•Backpack Exchange
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FTX-linked Backpack nears unicorn status with $50M raise, token plansBitcoin Insider•Feb 10, 2026•Backpack Exchange
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Backpack Exchange Announces Token Release, 24% Allocated to Platform TradersThe Crypto Times•Feb 09, 2026•Backpack Exchange
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Backpack Exchange Launches Margin-Based Prediction Market BetaCoinspeaker•Jan 14, 2026•Backpack Exchange
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