TREE NEWS update: Crypto exchange Backpack now accepts Micron and SanDisk shares as margin collateral, expanding its TradFi-linked offerings. The firm also launched 24/7 perpetual futures on MU, SNDK, SPY, and QQQ, though key collateral and liquidation terms were not specified in its announcement.
Backpack Lists Micron, SanDisk Shares as Margin Collateral
This move blurs the line between crypto-native collateral and traditional equities, signaling that exchanges are increasingly treating blue-chip stocks as viable risk assets. The lack of specified haircuts and liquidation thresholds matters because those details determine actual risk exposure for leveraged traders. For market watchers, the open question is whether other exchanges follow suit, which could deepen the integration of TradFi instruments into crypto margin frameworks.
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