FYI we've gotten multiple reports of ongoing issues. We're looking into it. Will revert asap with more details.

IMPORTANT: We'll be entering into emergency maintenance immediately. We'll reopen the exchange in post only

Quick update:

We’re restarting the APIs and putting markets into post only. You will be able to see your balances and positions.

We aren’t going to resume trading quite yet, but this will help folks understand their exposure and so they can hedge accordingly.

Markets are now live in post only.

Will share a heads up here before we open up the markets again.

IMPORTANT: we will open up trading at 6:35am UTC.

As a reminder, markets are currently in post only. You may start placing and canceling orders now.

All markets are now open for trading.

We will be listing 2Z_USDC (spot) and 2Z_USDC_PERP today.
• 2Z_USDC will open for trading at 13:00 UTC
• The perp will be opened shortly after.
• 2Z withdrawals will remain closed until 15:00 UTC.

Both markets are live in post only:
https://api.backpack.exchange/api/v1/market?symbol=2Z_USDC
https://api.backpack.exchange/api/v1/market?symbol=2Z_USDC_PERP

We will be listing MNT-PERP, ZEC-PERP, and BNB/USDC today Oct 6 at 8am UTC. BNB deposits are open and all three markets are in post only.

https://api.backpack.exchange/api/v1/market?symbol=MNT_USDC_PERP
https://api.backpack.exchange/api/v1/market?symbol=ZEC_USDC_PERP
https://api.backpack.exchange/api/v1/market?symbol=BNB_USDC

To continue the speed bump experiment, we will be expanding the 100ms speed bump on non-post only orders to all secondary perp markets starting tomorrow, October 7 at 3am UTC. Secondary perp markets are all perp markets listed on the exchange excluding BTC-PERP, ETH-PERP, and SOL-PERP (the primary perp pairs).

As a reminder, the speedbump applies to all non-post only orders. It first went live on Sept 25 on the following PERP markets: DOGE, LTC, AAVE, KAITO, AVAX. The second batch was added on Sept 29 on these PERP markets: SUI, BNB, HYPE, IP, WLFI, PUMP.

We're actively gathering feedback from everyone, so please reach out and share your thoughts if you haven't already.

Confirming the speed bump is now live as of ~10 minutes ago on all secondary PERP markets

W_USDC_PERP is now open for trading
https://backpack.exchange/trade/W_USD_PERP

KMNO-PERP, LDO-PERP, and JTO-PERP are now open for trading

https://backpack.exchange/trade/KMNO_USD_PERP
https://backpack.exchange/trade/LDO_USD_PERP
https://backpack.exchange/trade/JTO_USD_PERP

We will be listing PIPE_USDC (spot) at 15:00 UTC. PIPE deposits are open and the market is up in post only.

PIPE_USDC_PERP will be launched shortly after spot goes live.

Both markets are available in the API
https://api.backpack.exchange/api/v1/market?symbol=PIPE_USDC
https://api.backpack.exchange/api/v1/market?symbol=PIPE_USDC_PERP

PIPE_USDC and PIPE_USDC_PERP are live for trading

We're seeing very high load at the moment. We're looking into it

For everyone's reference - following today's volatility, we did a full evaluation and confirmed that all systems are operating normally. All real-time systems / trading continued working through the market move, and there were no socialized losses incurred or anything of the sort.

Heads up - the tick size for APT_USDC and APT_USDC_PERP will be updated to 0.0001 on October 23 at 11:00 PM UTC. Only new orders will be affected.

The change will be reflected in the symbol endpoint once live:
https://api.backpack.exchange/api/v1/market?symbol=APT_USDC
https://api.backpack.exchange/api/v1/market?symbol=APT_USDC_PERP

The following markets are now open for trading:
• MET_USDC https://api.backpack.exchange/api/v1/market?symbol=MET_USDC
• MET_USDC_PERP https://api.backpack.exchange/api/v1/market?symbol=MET_USDC_PERP
• APR_USDC https://api.backpack.exchange/api/v1/market?symbol=APR_USDC

PAXG-PERP and ZRO-PERP are open for trading

https://api.backpack.exchange/api/v1/market?symbol=PAXG_USDC_PERP
https://api.backpack.exchange/api/v1/market?symbol=ZRO_USDC_PERP

STABLE_USDC and STABLE_USDC_PERP are both open for trading
https://api.backpack.exchange/api/v1/market?symbol=STABLE_USDC
https://api.backpack.exchange/api/v1/market?symbol=STABLE_USDC_PERP