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News Explorer — Solana Exchange Backpack Raises $17M Series A Led by Placeholder VC

28 February 2024
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Solana Exchange Backpack Raises $17M Series A Led by Placeholder VC

Backpack, a crypto exchange, has raised $17 million in a Series A funding round to build a next-generation exchange focused on integrity and trust. The funding round was led by Placeholder VC and values the startup at $120 million. Backpack aims to avoid the pitfalls of other exchanges like FTX and Binance and plans to offer support for Solana, Ethereum, and Bitcoin trading.

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