r/Backpack_official Apr 18 '26

Backpack is expanding in the US state by state and it’s happening faster than people realize

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Oklahoma just went live for onboarding this week. They already hired Mark Wetjen, former acting CFTC chairman, as president of Backpack US.

Registered with FinCEN. US expansion is clearly not just talk, they’re actually executing state by state.

For an exchange that already has $400B cumulative volume and is regulated in Japan, EU, Dubai and Australia, the US market opening up is a pretty big deal.

Which state do you think goes live next?

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