TRX just landed on Backpack Exchange, a platform born from the ashes of FTX and Alameda Research. The Dubai-based exchange opened doors for TRX spot trading and perpetual contracts, giving traders a fresh, regulated option amid a crowded market. At listing, TRX hovered around $0.32 to $0.33, signaling steady interest.
Backpack’s Strategic Comeback
Backpack Exchange’s founders witnessed the collapse of FTX firsthand. This experience shaped their approach: strict regulatory compliance paired with an aggressive rollout strategy. Registered in Dubai, Backpack is gradually unlocking access across various states, building trust through transparency. Its native BP token, launched earlier this year with a billion-token supply and a generous 25% airdrop, reflects its ambitions to carve out a solid niche post-FTX.
TRON’s Massive but Low-Profile Footprint
TRON DAO quietly operates one of crypto’s busiest networks. Handling billions daily, it thrives mainly on stablecoin transfers, especially USDT. Tether’s move to adopt TRON as a primary settlement layer years ago transformed the blockchain into a go-to corridor for remittances. Founded by Justin Sun in 2017, TRON’s mainnet took off in 2018 and has since amassed hundreds of millions of accounts worldwide.
Backpack’s new listing of TRX adds to the token’s growing accessibility, bringing it closer to traders who prioritize regulated environments. The move echoes trends seen elsewhere, like retail XRP trading expansions, highlighting an industry-wide push for legitimacy and wider adoption.
This material is informational and not financial advice.
