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.
