An index fund tracks a market index like the S&P 500, giving you exposure to hundreds of companies in one investment. Lower fees, broad diversification, and no need to pick individual stocks.
Worth understanding as Backpack brings real stock and ETF trading with liquidity straight from traditional financial venues.
Full guide here: https://learn.backpack.exchange/articles/what-is-an-index-fund
The S&P 500 tracks 500 of the largest US companies and represents roughly 80% of the total US stock market value. It is the most widely used benchmark in finance and the foundation for index funds and ETFs that millions of investors use daily.
Worth understanding now — Backpack is bringing real stock trading with cash dividends and liquidity straight from traditional financial venues.
Full guide here: https://learn.backpack.exchange/articles/what-is-the-sp-500
ok so i showed my friend backpack last week and he had no idea there was even a wallet
self custody across 10+ networks, zero swap and bridge fees, connects directly to the exchange when you need it. i was switching between phantom and backpack for months for no reason
the wallet side genuinely does everything. not sure why nobody talks about it
Armani is quietly putting together one of the strongest teams in crypto
mark wetjen as president of backpack US — former CFTC commissioner. the guy helped write the rules that regulate crypto derivatives in america. having him for the us expansion is not a small thing
nathan smith as COO — former technical lead at coinbase. one of the most important exchanges ever built and he was running the tech there
and solana coach as mad lads community manager. if you know you know
people at this level don't join projects they don't believe in. they have options. they chose backpack
the current $BP price is not the story. the team being assembled is the story