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

LIT_USDC_PERP is open for trading
https://api.backpack.exchange/api/v1/market?symbol=LIT_USDC_PERP

SKR_USDC_PERP is open for trading
https://api.backpack.exchange/api/v1/market?symbol=SKR_USDC_PERP

ZAMA_USDC_PERP is open for trading
https://api.backpack.exchange/api/v1/market?symbol=ZAMA_USDC_PERP

Important Announcement: We will be expanding the coverage of the taker speed bump across all markets on Tuesday February 10 at 12am UTC.

Several months ago, we started experimenting with a 100ms speed bump on non-post-only (i.e., taker) orders. This speed bump was only implemented on secondary perp markets (i.e., all perp markets except BTC-PERP, ETH-PERP, SOL-PERP). The goal of this experiment was to verify whether such a speed bump would deepen top-of-book liquidity on these markets. Based on the data we have seen and feedback from our users, the speed bump has helped us achieve our goal of reinforcing and diversifying order book liquidity, increasing volumes, and most importantly, improving user experience.

With that in mind, we have decided to expand the scope of the speed bump across all markets. This means that the speed bump will be implemented on all of the following market categories, which currently don't have a speed bump:
• Tier 1 perp pairs (BTC-PERP, ETH-PERP, SOL-PERP)
• All spot pairs

This change will go live on Tuesday, February 10 at 12:00am UTC to give participants time to adjust.

As with when we first launched this experiment, we will be closely observing market dynamics, gathering feedback from all participants, and ensuring that the speed bump achieves the goals for which it was designed.

As a refresher, here are some details on how the speed bump works:
• The 100ms speed bump applies only to orders that do NOT have the postOnly flag enabled.
• Market orders and limit orders (including non-IOC orders) without the post
• Only flag will be subject to the speed bump, even if they rest on the orderbook.
• Order cancellations are exempt from this speed bump.

The following markets are live for trading:
https://api.backpack.exchange/api/v1/market?symbol=PAXG_USDC
https://api.backpack.exchange/api/v1/market?symbol=CC_USDC_PERP
https://api.backpack.exchange/api/v1/market?symbol=XMR_USDC_PERP
https://api.backpack.exchange/api/v1/market?symbol=STRK_USDC_PERP

Confirming that the 100ms speed bump on non-post-only orders is now live across all markets.

We will perform scheduled maintenance on Saturday, February 21 at 8pm UTC. Downtime is expected to last up to 30 minutes. During this window, trading will be disabled (order placement and cancellations will be unavailable) and transfers will be paused. Please manage your orders and positions in advance.

Reminder: scheduled maintenance starting in 10 minutes at 8pm UTC

We are now in maintenance. Will provide an update here once it's completed. You can also follow the exchange's status here https://api.backpack.exchange/api/v1/status

Maintenance over - we're back

ZEC_USDC is open for trading https://api.backpack.exchange/api/v1/market?symbol=ZEC_USDC