Backpack's Resilience: Surviving FTX Collapse and Thriving in the Crypto Market

Backpack, a crypto exchange and wallet, weathered the FTX collapse and a crypto bear market to achieve remarkable growth. Despite losing significant investment money, Backpack credits its success to its product, community support, and effective timing. The exchange recently completed its beta phase, trading over $27.5 billion and gaining 252,000 users. By learning from FTX's mistakes, Backpack aims to offer a secure and distributed exchange system, expanding its offerings to include a crypto wallet and xNFT platform. With successful Series A funding, Backpack plans global expansion to reach 95% of the world's GDP by 2024.