Backpack signs agreement with Japan’s Minna Bank for crypto services

Crypto exchange Backpack has signed a cooperation agreement with Japan's Minna Bank to explore integrating banking services into its planned cryptocurrency trading platform in the country. Backpack has signed a cooperation agreement with Japan's Minna Bank to explore integrating banking services into its planned cryptocurrency trading platform. The partnership could allow Backpack users to deposit and withdraw Japanese yen through Minna Bank's banking infrastructure once the exchange secures regulatory registration. Both companies are considering future cooperation involving tokenized deposits and the integration of Backpack's investment services into Minna Bank's mobile application. Backpack's Japanese subsidiary, Trek Labs Japan, is preparing to register as a cryptocurrency exchange operator as the company works toward entering Japan's regulated crypto market.

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