Bitcoin
Bitcoin (BTC)
$100,576.00 2.60856
Bitcoin price
Ethereum
Ethereum (ETH)
$3,905.39 5.51733
Ethereum price
BNB
BNB (BNB)
$721.96 4.84934
BNB price
Solana
Solana (SOL)
$230.10 2.93123
Solana price
XRP
XRP (XRP)
$2.40 2.00263
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000288 4.38359
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000245 4.48961
Pepe price
Bonk
Bonk (BONK)
$0.0000392 5.57049
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 3.47989
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 0.3292
Popcat price
Bitcoin
Bitcoin (BTC)
$100,576.00 2.60856
Bitcoin price
Ethereum
Ethereum (ETH)
$3,905.39 5.51733
Ethereum price
BNB
BNB (BNB)
$721.96 4.84934
BNB price
Solana
Solana (SOL)
$230.10 2.93123
Solana price
XRP
XRP (XRP)
$2.40 2.00263
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000288 4.38359
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000245 4.48961
Pepe price
Bonk
Bonk (BONK)
$0.0000392 5.57049
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 3.47989
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 0.3292
Popcat price
Bitcoin
Bitcoin (BTC)
$100,576.00 2.60856
Bitcoin price
Ethereum
Ethereum (ETH)
$3,905.39 5.51733
Ethereum price
BNB
BNB (BNB)
$721.96 4.84934
BNB price
Solana
Solana (SOL)
$230.10 2.93123
Solana price
XRP
XRP (XRP)
$2.40 2.00263
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000288 4.38359
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000245 4.48961
Pepe price
Bonk
Bonk (BONK)
$0.0000392 5.57049
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 3.47989
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 0.3292
Popcat price
Bitcoin
Bitcoin (BTC)
$100,576.00 2.60856
Bitcoin price
Ethereum
Ethereum (ETH)
$3,905.39 5.51733
Ethereum price
BNB
BNB (BNB)
$721.96 4.84934
BNB price
Solana
Solana (SOL)
$230.10 2.93123
Solana price
XRP
XRP (XRP)
$2.40 2.00263
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000288 4.38359
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000245 4.48961
Pepe price
Bonk
Bonk (BONK)
$0.0000392 5.57049
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 3.47989
dogwifhat price
Popcat
Popcat (POPCAT)
$1.24 0.3292
Popcat price

Backpack launches crypto exchange in Dubai

backpack-launches-crypto-exchange-in-dubai
Edited by
News
Backpack launches crypto exchange in Dubai

Backpack, a leading provider of blockchain-based financial services, has announced the launch of its cryptocurrency exchange, Backpack Exchange.

The new platform has received approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA), marking a significant milestone in the company’s expansion into the digital asset market.

The Backpack Exchange aims to provide a secure and user-friendly trading environment for both retail and institutional investors. Additionally, Backpack Exchange plans to introduce innovative features such as staking, lending and margin trading to cater to the diverse needs of its users.

The approval of the VASP license by VARA is a testament to Backpack’s commitment to regulatory compliance and security. VARA is known for its stringent regulatory framework, which ensures that licensed entities adhere to the highest standards of transparency, consumer protection and anti-money laundering (AML) practices. Backpack’s successful acquisition of the VASP license demonstrates the company’s dedication to operating within the legal and regulatory boundaries set by authorities.

Backpack’s entry into the cryptocurrency exchange market is expected to bring increased competition and innovation to the industry. The company’s strong reputation in blockchain-based financial services, coupled with its focus on regulatory compliance, positions it as a reliable and trustworthy player in the digital asset space.

The launch of Backpack Exchange is also seen as a positive development for the cryptocurrency ecosystem in Dubai. The city has been actively positioning itself as a hub for blockchain and digital asset innovation. Approving Backpack’s VASP license aligns with Dubai’s vision of becoming a leading global center for fintech and digital assets.

In conclusion, Backpack’s launch of its cryptocurrency exchange and the receipt of the VASP license from VARA mark essential steps forward in the company’s growth strategy. The new platform is poised to offer a comprehensive suite of services to cryptocurrency traders and investors while adhering to the highest standards of regulatory compliance and security.