Building a next gen crypto exchange on Solana (w/ Armani, Backpack Exchange) - Solfate Podcast

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A conversation with Armani Ferrante, the co-founder of Backpack Exchange and MadLads. Full show notes: solfate.com/podcast/41 Watch this episode on YouTube: youtu.be/aSSnPs0vcck Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :) Notes from the show Armani discusses the genesis of Backpack Exchange and the challenges of building an exchange. He highlights the importance of compliance and the operational aspects of running an exchange. Armani also shares the vision for Backpack and how it aims to bridge the gap between traditional finance and the crypto economy. He emphasizes the transparency and auditability of the exchange, as well as the focus on corporate governance and accountability. As well as the need for a circle of trusted individuals to share the burden of decision-making and responsibility. Finally, Armani highlights the role of regulators in ensuring the integrity of any exchange, crypto or otherwise. We discuss the importance of exchanges as bridges between the traditional financial system and the new crypto ecosystem. He explains the challenges of operating in the US and the potential partnerships with licensed companies.

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