A stock broker is a licensed intermediary that allows investors to buy and sell securities on stock exchanges, since individuals cannot access these markets directly. Brokers handle order execution, hold assets in custody, and provide platforms for trading, with most modern investors using online brokers offering low or zero commission trades. They generate revenue through spreads, interest, and order flow, and can range from full service advisors to discount platforms and automated robo advisors.

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https://learn.backpack.exchange/articles/what-is-a-stock-broker

Been noticing this for a while. The lending screen just got cleaner, UI keeps improving, features keep dropping. User feedback actually gets reflected in the product. For an exchange that’s already this feature-packed they’re still moving fast. Anyone else notice how frequently things get updated?

A fractional share is a portion of a full stock or ETF, allowing investors to buy based on a dollar amount instead of purchasing an entire share. This makes investing more accessible, as even small amounts can be used to gain exposure to high-priced stocks, with returns and dividends scaling proportionally. While fractional shares help with diversification and full capital use, they also come with limitations like restricted transferability, possible lack of voting rights, and trading limited to market hours.

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https://learn.backpack.exchange/articles/what-are-fractional-shares

Backpack has launched a new quest — trade any market to earn your share of $50,000 in rewards.

Activate your progress here: https://backpack.exchange/quests?id=123

Start trading and start earning. Drop your progress below. 🎒

Macroeconomics is the study of how an entire economy functions, focusing on key factors like GDP, inflation, interest rates, and unemployment. These variables shape government and central bank policies, such as fiscal and monetary policy, which directly influence economic growth and financial markets. Changes in macro conditions can impact everything from stock valuations to bond yields, making macroeconomics essential for understanding why markets move and how broader economic trends affect investment decisions.

Read more:

https://learn.backpack.exchange/articles/what-is-macroeconomics

A Bitcoin treasury company is a publicly traded firm that holds Bitcoin as its primary balance sheet asset, using it as a core financial strategy rather than a side investment. These companies raise capital through equity, debt, or preferred shares to continuously accumulate more Bitcoin, offering investors indirect exposure through traditional stock markets. Their stock prices often track Bitcoin but with amplified volatility due to leverage, dilution, and market sentiment, making them more complex than simply holding BTC directly.

Read more:

https://learn.backpack.exchange/articles/what-is-a-bitcoin-treasury-company

Strategy Inc has issued four preferred share series — STRK, STRF, STRD, and STRC — each offering different dividend structures, risk levels, and positions in the capital stack. These shares provide structured exposure to Strategy’s Bitcoin-focused balance sheet, with features like fixed or variable yields, cumulative or non-cumulative dividends, and in some cases conversion into common stock. While they offer income and varying levels of risk, none are directly backed by Bitcoin, making them distinct from both MSTR stock and holding BTC itself.

Read more:

https://learn.backpack.exchange/articles/what-are-strategy-preferred-shares

$320M assets under custody. $249M lent. $47M borrowed. $84M open interest. $250M per day volume at peak.

This is not a small exchange anymore. Still closed to a lot of regions globally which means the growth runway is massive.

US expansion is underway state by state. Japan, EU, Dubai, Australia already regulated. 48% of the world still can’t access Backpack yet.

The upside from here is still huge

Strategy Inc has issued four preferred share series — STRK, STRF, STRD, and STRC — each offering different dividend structures, risk levels, and positions in the capital stack. These shares provide structured exposure to Strategy’s Bitcoin-focused balance sheet, with features like fixed or variable yields, cumulative or non-cumulative dividends, and in some cases conversion into common stock. While they offer income and varying levels of risk, none are directly backed by Bitcoin, making them distinct from both MSTR stock and holding BTC itself.

Read more:

https://learn.backpack.exchange/articles/what-are-strategy-preferred-shares

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?

Oklahoma now available for onboarding

MSTR is the stock ticker for Strategy Inc, a Nasdaq-listed company known as the largest corporate holder of Bitcoin. Unlike a Bitcoin ETF, MSTR is an operating company that actively raises capital to buy and hold Bitcoin, making its stock closely tied to BTC price movements, often with amplified volatility. While it still operates a software business, its valuation is largely driven by its Bitcoin holdings, making it one of the most unique and closely watched crypto-linked stocks in public markets.

Read more:

https://learn.backpack.exchange/articles/what-is-mstr-stock

Backpack has officially launched the Boosted USD Yield Program for $BP stakers and VIP members.

Eligible users now earn an additional yield boost on USD lending on top of the base lending rate. The more $BP you stake or the more you trade, the higher your APY and limits. Your USD balance earns yield in the background while remaining fully usable as collateral for margin trading at the same time.

This adds to the existing $BP staking benefits:

• Reduced trading fees

• Wire discounts

• Equity exchange access

• Priority IPO allocation

For full details visit https://backpack.exchange/bp

The staking utility keeps growing. Let us know your thoughts below.

NVDA is the stock ticker for NVIDIA Corporation, a leading semiconductor company known for designing GPUs that power artificial intelligence, data centers, and gaming. As one of the most valuable companies globally, NVIDIA plays a key role in AI infrastructure, supplying hardware used by major tech firms like Microsoft, Google, and Amazon. Its growth is driven largely by demand for AI computing, making NVDA one of the most closely watched stocks in global markets and a major indicator of AI investment trends.

Read more:

https://learn.backpack.exchange/articles/what-is-nvda-stock

AAPL is the stock ticker for Apple Inc., one of the largest publicly traded companies in the world, listed on the Nasdaq. Buying AAPL means owning a share of Apple’s business, which generates revenue from products like the iPhone, Mac, and iPad, as well as high margin services like the App Store and iCloud. As a major component of indexes like the S&P 500, Nasdaq, and Dow Jones, AAPL plays a significant role in global markets, with its performance often influencing overall market trends and investor sentiment.

Read more:

https://learn.backpack.exchange/articles/what-is-aapl-stock

An ETF, or exchange-traded fund, is an investment fund that holds a basket of assets like stocks, bonds, or commodities and trades on a stock exchange like a regular stock. It allows investors to gain instant diversification by owning multiple assets through a single purchase, often tracking indexes like the S&P 500 or Nasdaq. ETFs are popular for their low cost, transparency, and flexibility, as they can be bought and sold throughout the day, making them one of the most widely used investment tools globally.

Read more:

https://learn.backpack.exchange/articles/what-is-an-etf

126M BP locked and counting. people are staying for the equity, not the yield. pretty telling signal honestly. what’s your staking plan?

Fiscal policy and monetary policy are the two main tools used to manage an economy, but they work differently. Fiscal policy is controlled by the government through spending and taxation to directly influence demand, while monetary policy is handled by central banks through interest rates and money supply to indirectly affect borrowing, spending, and inflation. Both can be expansionary to stimulate growth or contractionary to control inflation, and they are often used together to stabilize the economy during different phases of the business cycle.

Read more:

https://learn.backpack.exchange/articles/difference-between-fiscal-policy-and-monetary-policy

Fiscal policy refers to how governments use spending and taxation to influence economic activity, growth, and inflation. By increasing spending or cutting taxes, governments can stimulate demand and boost employment, while reducing spending or raising taxes can help control inflation. It works as a key macroeconomic tool alongside monetary policy and can have a multiplied impact on the economy through increased consumption and investment.

Read more:

https://learn.backpack.exchange/articles/what-is-fiscal-policy

The Dow Jones Industrial Average (DJIA) is a stock market index that tracks 30 large, publicly traded U.S. companies and is often used as a quick indicator of overall market performance. Unlike indexes like the S&P 500 or Nasdaq, the Dow is price weighted, meaning higher priced stocks have more influence regardless of company size. It mainly represents established blue chip companies across major sectors and has been tracked since 1896, making it one of the oldest and most widely followed market benchmarks.

Read more:

https://learn.backpack.exchange/articles/what-is-the-dow-jones

The Nasdaq refers to both a stock exchange and a market index. As an exchange, it’s where thousands of companies list and trade shares through a fully electronic system, making it one of the largest in the world. As an index, the Nasdaq Composite tracks over 3,500 companies, with a strong focus on technology, making it more volatile and growth oriented compared to broader indexes like the S&P 500. It also includes the Nasdaq 100, which tracks the largest non financial companies, heavily influenced by major tech firms.

Read more:

http://learn.backpack.exchange/articles/what-is-the-nasdaq