Backpack is a unified mobile platform that combines spot trading, futures contracts, on‑chain lending, and a non‑custodial crypto wallet in a single app.
Funding
$17M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
7OFounders
Product
Problem
Crypto investors often need to use multiple separate platforms to trade spot, manage futures contracts, lend assets, and store cryptocurrencies, leading to fragmented workflows and increased security risks.
Solution
Backpack provides a unified mobile application that combines spot trading, futures contracts, lending services, and a built‑in crypto wallet. Users can execute trades, open leveraged positions, earn interest on deposited assets, and transfer funds—all within a single secure interface. The platform streamlines asset management by eliminating the need to switch between disparate services, reducing transaction friction and simplifying portfolio oversight. Integrated security features protect private keys and transaction data, while real‑time market data and order execution keep users informed and in control.
Target Audience
Primary users are active cryptocurrency traders and investors who require a single app to manage trading, leveraged positions, lending, and secure storage of digital assets.
Features
- Spot trading engine supporting major cryptocurrencies with market and limit order types
- Futures trading module offering leveraged contracts and margin management
- On‑chain lending interface allowing users to earn interest by depositing assets into supported protocols
- Native non‑custodial wallet with secure key storage and one‑click transfer capabilities
- Consolidated dashboard that aggregates balances, open positions, and lending yields across all services
- Real‑time price charts and market depth visualizations for informed decision‑making