Yesterday· 10 JulRelease

24/7 Equities Brokerage Launch

High7.5

◆ Description

Backpack launches 24/7 brokerage for real US equities, starting with SpaceX (SPCX), Micron (MU), and SanDisk (SNDK). International investors can buy and sell select US stocks around the clock.

◆ Why it matters

Backpack's launch of 24/7 equities brokerage marks a concrete expansion of the platform's core product surface, adding round-the-clock trading for named issuers including SpaceX, Micron, and SanDisk. International investors gain direct access to select US stocks, broadening the addressable user base. This strengthens Backpack's brokerage pillar without redefining its valuation thesis, anchoring a meaningful but contained re-rate.