Crypto Brokerage CEO: “We’re Going Live Today With 24/7 Trading of Real U.S. Equities” Starting With Micron, SanDisk and SpaceX

Backpack CEO Armani Ferrante appeared connected CNBC connected Friday greeting to denote that the crypto-native brokerage has launched 24/7 trading of existent U.S. equities for planetary investors done genuine information entitlements alternatively than synthetic derivatives. Initial motorboat names include Micron Technology (NASDAQ:MU), SanDisk (NASDAQ:SNDK), and SpaceX (NASDAQ:SPCX).

"We're ace excited to beryllium going unrecorded with 24/7 trading of existent U.S. equities done the brokerage for the archetypal time. Going unrecorded today," Backpack's CEO Ferrante said connected the segment. He framed the motorboat arsenic an infrastructure displacement enabled by tokenization, with Backpack operating arsenic a globally regulated fiscal instauration built connected blockchain technology.

International Investors Can Now Trade U.S. Equities Around the Clock

Many overseas platforms already connection "U.S. stock" exposure, but usually done contracts for quality oregon synthetic derivatives that way the terms without conferring ownership. "What we're doing is truly for the archetypal time, opening up 24/7 trading for a genuine bona fide information entitlement," helium said. "Markets volition adjacent connected Friday successful the US. And implicit the weekend, Saturday and Sunday, radical done the Backpack brokerage volition proceed to trade. And they'll get the nonstop aforesaid plus that you would expect from your brokerage account."

Ferrante drew a nonstop parallel to stablecoins, which person go large holders of U.S. Treasuries globally by providing planetary users with frictionless dollar exposure. "When you look internationally, it's a precise antithetic story. It's a communicative astir access. It's a communicative astir the full satellite wanting entree to US dollars," helium said. He suspects the aforesaid request curve applies to U.S. equity ownership.

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Micron Brings 346% Revenue Growth to Backpack's Launch

Micron is the poster kid for AI-era representation demand. The institution posted fiscal Q3 2026 gross of $41.456 billion, a 345.7% year-over-year jump, with non-GAAP EPS of $25.11 and GAAP gross borderline of 84.6%. CEO Sanjay Mehrotra told investors that "Micron's grounds fiscal Q3 fiscal results and adjacent stronger outlook for Q4 bespeak the strategical worth of representation successful the AI era." Q4 guidance calls for gross of $50.0 cardinal ± $1.0 cardinal and non-GAAP EPS of $31.00 ± $1.00, with gross borderline expanding to astir 86%.