Crypto Exchange Backpack Appoints Stripe, Banking Veteran as CFO
Backpack was founded by Armani Ferrante and Trian Yver, alums of defunct trading companies Alameda Research and bankrupt crypto exchange FTX respectively.
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Backpack was founded by Armani Ferrante and Trian Yver, alums of defunct trading companies Alameda Research and bankrupt crypto exchange FTX respectively.
Deutsche Boerse will operate the trading venue, and Crypto Finance will provide settlement and custody services.
Solana’s biggest meme coin BONK will list on Revolut, which plans to run a $1.2 million “learn” campaign for users.
The decentralized exchange settled over $500 million in trades on Sunday, briefly becoming the biggest DEX platform.
The exchange said that it will compensate impacted users within 72 hours.
Upbit said it is “poised to expand [its] range of offerings,” having acquired a MPI license.
The Canadian exchange suffered a security break earlier this month, resulting in the loss of an unknown amount of customer funds.
The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region’s comprehensive rules.
The DEX previously said traders lost a significant amount of ADA due to a “misunderstanding” about how the platform operates, but confirmed it would refund losses at the time.
The Web3 venture lab is built by team members who previously worked on 9GAG, an immensely popular meme site.