Backpack launches beta for integrated spot, futures, and prediction trading

Solana-based crypto exchange Backpack has launched a private beta of its Unified Prediction Portfolio, a service that integrates spot, futures, and prediction markets, The Block reported. According to CEO Armani Ferrante, the feature allows users to flexibly allocate funds from a single account, enabling them to bet on prediction markets while simultaneously hedging positions with perpetual futures or holding spot assets.