Backpack surpasses $1B in 24-hour volume, announces Banxa partnership

Cryptocurrency exchange Backpack achieves $1 billion in 24-hour trading volume and partners with Banxa to expand digital asset services.

Cryptocurrency exchange Backpack has partnered with global crypto on-ramp provider Banxa for a digital asset on- and off-ramp solution.

Backpack users in over 130 countries will be able to use the new on-ramp solution, according to Banxa’s Feb. 19  announcement on X. Backpack Exchange was launched by the creators of Solana’s Mad Lads executable nonfungible token (NFT) collection.

The partnership is viewed as a positive step for Backpack users and the exchange’s user experience, according to Anndy Lian, intergovernmental blockchain expert and author of the book NFT: From Zero to Hero. He told Cointelegraph:

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