2025-12-24 03:50:41

BackPack has made new progress in its global compliance layout. Yesterday, this exchange opened its lending function to the Japanese market, which is a key node for the advancement of regulation in Japan - marking that the platform has also held above in the strict Japanese market.

From a geographical coverage perspective, BackPack currently holds trading licenses in multiple countries and regions, including the UAE and Europe, covering a market size corresponding to about 48% of the global GDP. This is actually quite rare among the new generation of exchanges, indicating that BackPack's compliance ambitions are indeed quite substantial.

At the same time, the platform has recently launched the Convert feature, further improving the trading tool matrix. These measures reflect BackPack's simultaneous advancement in compliance and product iteration.

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NftRegretMachine

· 14h ago

It's sorted out in Japan, but to be honest, the compliance path is too tiring; let's see how much longer we can hold on.

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HodlKumamon

· 14h ago

Japan has also achieved this, with a 48% GDP coverage rate. This data is quite solid... Just looking at the compliance aspect, you can see the capital behind is playing a big game, unlike some exchanges that only shout slogans.

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TokenomicsShaman

· 14h ago

It's really not easy to get a license over in Japan, and BackPack's recent moves show they are serious. --- Wait, covering 48% of global GDP? How was that data calculated? It feels a bit exaggerated. --- The convert feature is online, but how's the user experience? That's the key, right? --- Compliance is indeed important, but the exchanges that can survive really need to let their products speak for themselves. --- BackPack has established a foothold in Japan, where are the other new exchanges?

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TokenVelocity

· 14h ago

Japan's lending move is quite steady, and it can definitely take down the strict market; BackPack is serious about compliance. Oh my, covering 48% of global GDP, this number is a bit scary... is it really going to unify the world? Convert function? Adding tools again, this pace would tire me out. However, speaking of which, such an expansion speed is indeed rare among exchanges; most are still just making empty promises. In recent years, BackPack has really been ramping up compliance, there's something to it.

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