The trading platform Backpack, founded by former FTX staff, is negotiating to raise 50 million USD, committing 37.5% of the total token supply to the treasury fund after the IPO.
Backpack, the cryptocurrency exchange established by former leaders who worked at FTX, has officially joined the unicorn club with a valuation of 1 billion USD. This move marks a significant step for a young platform in the context of the cryptocurrency market gradually recovering after a series of fluctuations in 2023.
According to a report from Axios published on Monday, Backpack is in talks to raise an additional 50 million USD in a new funding round, with a pre-funding valuation reaching 1 billion USD. This information was announced right after the exchange revealed its bold tokenization strategy to redefine the distribution of benefits in the blockchain industry.
BTCUSDT
Perp
65,829.3
-2.57%
ETHUSDT
Perp
1,926.26
-1.21%
BNBUSDT
Perp
608.7
-0.25%