Backpack(BP)

Overview

Backpack (BP) is an all-in-one crypto product that combines a self-custody wallet with a centralized exchange, originating in the Solana ecosystem. Backpack Exchange supports spot and derivatives trading, while Backpack Wallet is a browser-extension wallet known for introducing the xNFT concept.

BP is the token associated with the Backpack ecosystem and has been distributed for purposes such as user rewards and community participation. The company states that it has obtained regulatory licensing in certain jurisdictions, including Dubai's VARA, and the countries and services supported vary by local regulation.