When was Backpack Exchange founded?

Backpack Exchange was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Backpack Exchange located?

Backpack Exchange is headquartered in Japan.

How many employees does Backpack Exchange have?

As of Apr 30, 2026, the latest employee count at Backpack Exchange is 94.

Is Backpack Exchange a funded company?

Backpack Exchange is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Feb 28, 2024.

When was the latest funding round of Backpack Exchange?

Backpack Exchange's latest funding was a $***** Series A round on Feb 28, 2024, with participation from 7 investors.

Where does Backpack Exchange rank among its competitors?

Backpack Exchange ranks 29th amongst 2029 active competitors, of which 210 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Kraken, which secured $34.2M in Feb, 2026.

Who are the top competitors of Backpack Exchange?

Backpack Exchange's top competitors include Coinbase, Kraken and N26. Among them, Kraken secured the most recent funding round in February, 2026.

Backpack Exchange - 2026 Company Profile, Funding & Competitors

Backpack Exchange is a series A company based in Japan, founded in 2023. It operates as a Cryptocurrency exchange and trading platform. Backpack Exchange has raised $17M in funding from Placeholder. The company has 2029 active competitors, including 210 funded and 44 that have exited. Its top competitors include companies like Coinbase, Kraken and N26.

Company Details

Cryptocurrency exchange and trading 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
Part Of

Key Metrics

Founded Year

2023

Location

Japan

Stage

Series A

Total Funding

$17M in 1 round

Latest Funding Round

Series A, Feb 28, 2024, $*****

Investors

Placeholder & 6 more

Ranked

29^th among 2029 active competitors

Employee Count

94 as on Apr 30, 2026

Investment & Acquisitions

Ftxeurope

Similar Companies

Coinbase & 4229 more

View Backpack Exchange's full profile

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	2276758	Series A	2692626	1147340	9398816	8545466

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View details of Backpack Exchange's funding rounds and investors

Backpack Exchange's employee count trend

Backpack Exchange has 94 employees as of Apr 26. Here is Backpack Exchange's employee count trend over the years:

Employee count trend for Backpack Exchange

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Top competitors of Backpack Exchange include Coinbase, Kraken and N26. Here is the list of Top 10 competitors of Backpack Exchange, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coinbase 2012, San Francisco (United States), Public	Online platform for crypto portfolio	$547M	IVP, DFJ Growth & 142 others	87/100
2nd	Kraken 2011, Cheyenne (United States), Series D	Provider of an app-based trading and exchange platform for cryptocurrency	$867M	Citadel Securities, RIT Capital Partners ... & 120 others	86/100
3rd	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Tencent & 46 others	83/100
4th	Bitso 2014, Mexico City (Mexico), Series C	Online trading and exchange platform for cryptocurrency	$331M	Coatue, Tiger Global Management & 35 others	83/100
5th	KuCoin 2017, Mahe (Seychelles), Series A	Cryptocurrency exchange and trading platform	$180M	Jump Crypto, IDG Capital & 11 others	82/100
6th	Wealthsimple 2014, Toronto (Canada), Series F	Provider of financial services including investing, trading, saving, and borrowing	$1.29B	Power financial, TCV & 39 others	78/100
7th	SwissBorg 2016, Lausanne (Switzerland), Series A	B2B robo advisory and crypto wealth management solution	$27M	Swiss ICT Investor Club, London Real Ventures ... & 1 others	77/100
8th	CoinList 2017, San Francisco (United States), Series A	App-based trading platform for cryptocurrency	$119M	Polychain, Accomplice & 36 others	77/100
9th	Voyager 2017, New York City (United States), Public	App-based trading platform for cryptocurrency	-	IFC Asset Management Company, IFC & 19 others	73/100
10th	Mercado Bitcoin 2013, Sao Paulo (Brazil), Series B	Online trading platform for cryptocurrency	$238M	SoftBank, SoftBank Latin America Fund & 9 others	72/100
29th	Backpack Exchange 2023, Japan, Series A	Cryptocurrency exchange and trading platform	$17M	Robvc, Placeholder & 5 others	64/100