Backpack: Create a more professional and safer derivatives trading platform

Derivative trading is the most important product in the financial industry. Backpack believes that the future of cryptocurrencies will also be the same as mainstream markets such as stocks, bonds, commodities, etc. A large number of professional traders use leverage, futures and other trading tools to make the industry more efficient and professional.

Based on this vision, we have developed a more efficient and secure cryptocurrency derivatives system, committed to providing users with good products.

More professional: Maximize capital efficiency and innovative functions

to help transactions

1.Backpack 's full margin system:

All assets can be used as margin, not only for perpetual contracts, but also for interest generation by borrowing and maximizing your capital utilization rate!

Let your assets be carried out simultaneously between transactions, borrowing, and interest generation, and maximize returns on Backpack

2. Interest bearing perps & auto lending

Backpack's unique automatic lending function, turning on this function will automatically lend the assets to the birth interest.

Open-ended earnings can also generate interest - Your contract position not only earns trading profits, but all open-ended earnings can also continue to generate interest. Efficiently maximize profits

A powerful tool for arbitrage players - spot assets can generate additional interest, maximizing arbitrage returns!

3. Sub-account system

Backpack's original sub-account system avoids the cumbersome spot accounts, contract accounts, financial accounts and other categories of traditional exchanges

Create multiple sub-accounts in one click without minimum funding requirements, complete isolation of trading strategies, reducing risks

Transfer between sub-accounts is convenient and meets the needs of multi-strategy trading. Traders familiar with the FTX system may miss such a convenient sub-account system.

4. Auto-Realize: Automatic income settlement

The income from open contracts can be automatically settled, which can be directly converted into more margin or borrowed interest, improving capital utilization rate

Suitable for rolling positions, trend trading, and quantitative trading users, making your trading strategy more efficient! Professional traders can achieve more profits through this feature

5. Transparent lending system

All lending, trading markets, interest generation mechanisms and position closing conditions of Backpack are open and transparent. All users, regardless of individuals, institutions or market makers, can compete fairly and trade.

Safer: Extremely transparent, no human intervention

1. Full hedging mechanism

Backpack uses full hedging to close positions, uses reverse perpetual contracts to close positions, systematically eliminates human intervention and pin insertion, making trading safer

2. Global Compliance License

Backpack has obtained licenses in the United States, Dubai, Australia, the European Union and other jurisdictions

Backpack will also continue to follow the road to compliance. As an exchange that has been supervised by relevant departments of sovereign states since its inception, all Backpack's behavior is open, transparent and safe

We are committed to creating a safe and transparent trading environment so that every user can trade with confidence!

Future vision to build the world's top compliant derivatives exchange

Backpack has covered 150+ countries with more than 1 million users, and will continue to expand in the future:

Continue to innovate and develop more high-quality products

Connect global liquidity and open up the East and West markets

Hold more events to truly benefit users

The official season begins, please stay tuned for more surprises

Join us to witness a more professional and safer future of trading!