Backpack Launches 7×24 Hour Real U.S. Stock Trading Market
Backpack has launched the world's first 7×24 hour real U.S. stock trading market for international investors, allowing for round-the-clock buying and selling of actual equity rather than synthetic derivatives.
The initial listings include SpaceX (SPCX), Micron (MU), and SanDisk (SNDK). The platform leverages traditional exchange liquidity to provide instant settlement, continuous price discovery, and supports fiat and stablecoin deposits.
In terms of market mechanisms, international funds can bypass traditional U.S. stock trading hour restrictions to directly access real equity, with the crypto-native platform serving as a new entry point. Traditional brokers face liquidity pressure during non-U.S. hours, benefiting platforms like Backpack.
Source: Public Information
ABAB AI Insight
Backpack, previously known as a Solana ecosystem wallet and trading platform, has accumulated users in the crypto derivatives space, focusing on bringing traditional financial products on-chain. The launch of 24/7 real U.S. stock trading is a continuation of its bridge from crypto tools to traditional assets.
In terms of capital flow, Backpack is mobilizing crypto user funds and stablecoins to directly connect with real equity, attracting international investors from Asia and Europe through instant settlement and round-the-clock mechanisms, strategically aiming to build a low-friction channel between crypto and traditional capital markets.
Similar to Robinhood's early expansion of trading hours and traditional exchanges' attempts at night trading, Backpack is currently in the early stages of expanding from derivatives to real asset ownership.
This essentially represents a restructuring of the industry chain: crypto infrastructure is breaking down the time zone and access barriers of traditional stock markets, transferring pricing power from traditional exchanges to a 24/7 globally accessible platform, driven by stablecoin deposits and instant settlement technology.
ABAB News · Cognitive Laws
Time is a scarce resource; whoever controls 24 hours controls global liquidity.
Synthetic products sell expectations, real equity sells ownership; the outcome depends on trust costs.
Crypto is not just about derivatives; ultimately, it aims to capture the trading hours of traditional markets.