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USA · State availability
Is Backpack Exchange Available in the US?
Yes — in part. As of September 2026, Backpack Exchange is available in 21 US states, plus Washington, D.C. and the US Virgin Islands. Big states like New York, Texas and Florida are still “coming soon”. Here's the full list.
Last verified: September 2026, from Backpack's official “States where we operate” disclosure.
Backpack Exchange US state list
Available 21 states + DC + USVI
- California
- Colorado
- Delaware
- District of Columbia
- Hawaii
- Illinois
- Indiana
- Iowa
- Maryland
- Michigan
- Mississippi
- Missouri
- Montana
- New Hampshire
- New Jersey
- Oklahoma
- Oregon
- South Carolina
- Utah
- Virginia
- Wisconsin
- Wyoming
- U.S. Virgin Islands
Pending application
- Tennessee
Coming soon 28 states + Puerto Rico
- Alabama
- Alaska
- Arizona
- Arkansas
- Connecticut
- Florida
- Georgia
- Idaho
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Minnesota
- Nebraska
- Nevada
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Pennsylvania
- Rhode Island
- South Dakota
- Texas
- Vermont
- Washington
- West Virginia
- Puerto Rico
Source: Backpack — States where we operate (as of September 2026). Backpack adds states over time, so check the official page if yours is “coming soon”.
Who runs Backpack in the US, and under which licenses?
In the United States, crypto services are offered through Trek Labs, Inc. d/b/a Backpack Exchange. Rather than one federal license, US exchanges need state-by-state approval, which is why availability grows one state at a time.
California
Licensed under the Digital Financial Assets Law by the DFPI, California's crypto-specific regime.
Money transmitter
Money transmitter (or money services) licenses in states such as Illinois, New Jersey, Maryland, Oregon and South Carolina.
Not FDIC insured
Backpack's disclosures state that crypto assets are not FDIC insured or SIPC protected — true of crypto exchanges in general.
For custody, proof-of-reserves and account security, see is Backpack Exchange safe?
What US users should know
- Features can differ from the international platform. Backpack runs several entities worldwide, and not every product is offered to every region. For example, the 24/7 market for real US equities launched in July 2026 is aimed at international investors. Check what's enabled in your account after verification.
- You'll need to verify your identity. KYC is required, and Backpack checks your state of residence at that stage.
- Enter your referral code before KYC. It can't be added afterwards. Use Backpack referral code pepebrothers for 5% off trading fees.
- Don't use a VPN to get around location rules. It breaks the terms of service and can get your account and funds frozen. If your state is “coming soon”, wait.
Live in a supported state?
Open your Backpack account with referral code pepebrothers and get 5% off your trading fees. It takes about three minutes.
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Backpack USA FAQ
Is Backpack Exchange available in the US?
Yes, in 21 states plus DC and the US Virgin Islands as of September 2026. Tennessee is pending, and most other states are coming soon.
Is Backpack available in New York?
Not yet — New York is listed as coming soon.
Is Backpack available in Texas or Florida?
Not yet — both are listed as coming soon.
Is Backpack available in California?
Yes, under a Digital Financial Assets Law license from California's DFPI.
Can I use a VPN from an unsupported state?
No. It breaks the terms of service and can get your account frozen. Wait until your state is supported.
Is my crypto FDIC insured on Backpack?
No. Backpack states crypto assets are not FDIC insured or SIPC protected.