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
Bitcoin News Update: Tether's Mining Venture in Uruguay Falters Due to High Energy Expenses and Regulatory Challenges
- Tether halts Uruguay Bitcoin mining due to rising energy costs and regulatory hurdles. - The $500M project led to $100M+ spent and 30 layoffs amid unsustainable costs. - The failure highlights crypto mining risks in regions with unstable energy pricing. - Tether shifts focus to Paraguay/El Salvador as industry migrates to cheaper energy. - S&P downgrades USDT stability, warning of undercollateralization risks from Bitcoin exposure.
The ChainOpera AI Token Collapse: A Cautionary Tale for Cryptocurrency Initiatives Powered by AI
- ChainOpera AI (COAI) token's 96% collapse in late 2025 exposed systemic risks in AI-integrated blockchain ecosystems, warning investors about conflating innovation with stability. - Hyper-centralized governance (87.9% supply controlled by 10 wallets) and opaque "black box" AI models triggered liquidity crises and panic selling, eroding trust. - Regulatory ambiguities from U.S. CLARITY/GENIUS Acts and speculative hype (96% 24h surge) amplified volatility, as 80% locked supply posed future sell-off risks.
Behavioral Economics and Protecting Investors in Developing Cryptocurrency Markets
- COAI token's 2025 collapse erased $116.8M due to centralized control, unstable AI algorithms, and regulatory ambiguity. - Behavioral biases like overconfidence and herd mentality amplified risks, creating panic-driven feedback loops during the crisis. - Investors are advised to prioritize transparent audits, diversify across vetted projects, and leverage real-time fraud detection tools. - Regulatory frameworks like EU's MiCA and psychological discipline are critical to mitigate systemic and behavioral ri
This week, the US spot Ethereum ETF saw a net inflow of $368 million.
Trending news
MoreCrypto prices
More
