The listing on the FTX alumni-founded exchange gives TRX traders another regulated venue as Backpack continues its aggressive expansion.
TRX is now available for both spot trading and perpetual contracts on Backpack Exchange, the Dubai-registered trading platform built by former FTX and Alameda Research employees. TRON DAO made the announcement on July 29, marking another expansion milestone for a blockchain network that has quietly become one of crypto’s most heavily used rails.
The token was trading between $0.32 and $0.33 at the time of the listing.
Backpack’s post-FTX playbook
Backpack Exchange was founded by people who had front-row seats to one of the industry’s most spectacular implosions. The platform is registered in Dubai, emphasizes regulatory compliance, and has been rolling out state-by-state access for eligible jurisdictions.
The exchange launched its native BP token back in March 2026, with a total supply of 1 billion tokens. Of that, 25% was allocated for initial distribution through an airdrop.
TRON’s quiet dominance problem
The network reports hundreds of millions of accounts and processes billions in daily transfer volume.
The bulk of that activity comes from stablecoin transfers, particularly USDT. Tether’s decision years ago to make TRON a primary settlement layer turned the network into crypto’s unofficial remittance highway.
Justin Sun founded the network in 2017, and its mainnet went live in 2018.
