Backpack platform launches BNB trading, margin, and lending services
Key Takeaways
- Backpack has launched BNB trading, margin, and lending services.
- Users can now perform spot trades, margin trades, and lending/borrowing with BNB.
Share this article
Backpack, a crypto exchange and wallet platform, today launched BNB trading, margin, and lending services for users. Users can access these features through Backpack’s integrated trading interface.
Backpack has expanded its offerings by integrating support for additional blockchain ecosystems, enabling users to swap, bridge, and trade assets across networks in its wallet. Exchanges are increasingly adding margin and lending functionalities for popular tokens to enhance capital efficiency, allowing users to earn interest on collateral while trading.
The addition of BNB services follows Backpack’s strategy to broaden its asset support and provide comprehensive trading tools for digital assets across multiple blockchain networks.
Share this article
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The ChainOpera AI Token Crash: A Warning Story for AI-Based Cryptocurrency Initiatives Facing Regulatory and Market Challenges
- COAI token's 90% collapse highlights risks of centralized governance and unregulated AI in crypto. - Regulatory ambiguity under the CLARITY Act exacerbated volatility and investor uncertainty. - Unaudited AI algorithms and lack of stress-testing mirrored past financial crises, prompting calls for global oversight. - Investors now prioritize decentralized, auditable projects amid lessons from COAI's implosion.
Momentum (MMT) Gaining Traction Through Key Alliances and Growing Attention from Institutions
- Momentum (MMT) gains traction in 2025 via strategic partnerships with Sui , Coinbase , and OKX, boosting institutional adoption. - A $10M HashKey Capital funding round and regulatory clarity underpin MMT's cross-chain DEX launch and RWA tokenization efforts. - Ve(3,3) governance and buybacks drive deflationary dynamics, with TVL exceeding $600M and $1.1B daily trading volumes. - Technical indicators signal potential bullish reversal at $0.52–$0.54, despite 70% post-TGE price correction and volatile forec
ALGO Falls by 3.33% Amidst Market Developments and Announced Restructuring Plans
- ALGO drops 3.33% in 24 hours, part of a broader 61.02% annual decline amid volatile market conditions. - Upcoming Swiss rate decisions, U.S. jobless claims, and bond auctions may intensify market uncertainty affecting crypto assets. - Argo Blockchain's approved restructuring plan, including new mining equipment, could indirectly impact ALGO supply/demand dynamics. - Market participants monitor macroeconomic indicators and blockchain sector developments to gauge ALGO's future trajectory.
LUNA Value Increases by 10.29% Over 24 Hours as Network Upgrade and Growing Inflows Drive Momentum
- LUNA surged 10.29% in 24 hours, driven by a network upgrade and rising on-chain inflows. - The terrad v3.6.1 upgrade aims to resolve legacy contract issues and enhance blockchain security ahead of December 18 implementation. - Derivatives open interest in LUNC futures rose to $25.55M, signaling renewed investor confidence linked to the upgrade. - Technical indicators show LUNA trading above 50-week EMA with RSI at 56, suggesting sustained upward momentum. - Analysts project continued gains if the upgrade
Trending news
MoreCrypto prices
More
