Backpack: Create a more professional and safer derivatives trading platform
Backpack is committed to making derivatives trading great again.Derivatives trading, as one of the most important products in the financial industry, is believed by Backpack to have a future in cryptocurrency that will be similar to mainstream markets such as stocks, bonds, and commodities, where 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, dedicated to providing users with quality products.
More Professional: Maximizing Capital Efficiency, Innovative Features to Assist Trading
1. Backpack's Full Margin System:
All assets can be used as margin, not only for perpetual contracts but also for lending and earning interest, maximizing your capital utilization!
Let your assets trade, lend, and earn interest simultaneously, maximizing returns on Backpack.
2. Interest Bearing Contracts and Auto Lending
Backpack's unique auto-lending feature, when enabled, will automatically lend out assets to earn interest.
Unrealized profits can also earn interest ------ your contract positions can not only generate trading profits but all unrealized profits can continue to accrue interest. Efficiently maximizing profits.
A must-have tool for arbitrage players ------ spot assets can earn additional interest, maximizing arbitrage returns!
3. Sub-account System
Backpack's innovative sub-account system avoids the cumbersome classifications of spot accounts, contract accounts, and wealth management accounts found in traditional exchanges.
Create multiple sub-accounts with one click, no minimum capital requirement, completely isolating trading strategies to reduce risk.
Transfers between sub-accounts are convenient, meeting the needs of multi-strategy trading. Traders familiar with the FTX system may miss such a convenient sub-account system.
4. Auto-Realize: Automatic Profit Settlement
Unrealized contract profits are automatically settled and can be directly converted into more margin or lent out to earn interest, improving capital utilization.
Suitable for rolling positions, trend trading, and quantitative trading users, making your trading strategies more efficient! Professional traders can achieve more profits through this feature.
5. Transparent Lending System
All lending, trading markets, interest mechanisms, and liquidation situations in Backpack are fully transparent, allowing all users, whether individuals, institutions, or market makers, to compete and trade fairly.
More Secure: Ultimate Transparency, No Human Intervention
1. Full Hedging Mechanism
Backpack uses a full hedging liquidation mechanism, employing inverse perpetual contracts of equal value for liquidation, fundamentally eliminating human intervention and price manipulation, making trading safer.
2. Global Compliance Licenses
Backpack has obtained licenses from multiple jurisdictions including the United States, Dubai, Australia, and the European Union.
Backpack will continue on the path of compliance. As an exchange regulated by relevant sovereign authorities since its inception, all actions of Backpack are transparent and secure.
We are committed to creating a safe and transparent trading environment, allowing every user to trade with confidence!
Future Vision: Building a Top Global Compliant Derivatives Exchange
Backpack has covered over 150 countries and has more than 1 million users, and will continue to expand in the future:
Continuously innovate and develop more quality products.
Connect global liquidity and bridge Eastern and Western markets.
Hold more events to truly benefit users.
Launch the official season, with more surprises to look forward to.
Join us and witness a more professional and safer trading future together!
