This new Dubai exchange wants to be the home for the Solana ecosystem

Episode 95 of Season 5 of The Scoop was recorded with The Block’s Frank Chaparro and Backpack Founder & CEO Armani Ferrante.

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Armani Ferrante is the founder and CEO of the crypto wallet company Backpack and the creator of the MadLads NFT collection.

In this episode of The Scoop recorded live at Solana Breakpoint 2023, Ferrante unpacks Backpack’s plans to launch a new exchange in Dubai.

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As Ferrante explains, the new exchange is both an opportunity to bring a regulated crypto exchange to market and bolster the Solana ecosystem:

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“We very much see a big opportunity in the international market, not only in the context of building a next generation exchange that embraces a lot of the technological innovations that blockchains and crypto at large has brought to the world, but also an opportunity to embrace the Solana ecosystem and kind of be that shepherd that bridges those two worlds.”

OUTLINE:
00:00 – Introduction
03:27 – Go to Market Strategy
05:26 – Exchange Custody Transparency
08:57 – Attracting Liquidity
14:35 – Product Offering
15:37 – Setting Up in Dubai
20:03 – State of Solana Ecosystem

This episode is brought to you by our sponsors PayPal.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.