Backpack vs Paradex Comparison
| 0.02% maker / 0.05% taker | Fees | 0% for retail; pro/API 0.002% / 0.02% |
Backpack
vs
ParadexWinner
Pros & Cons
Pros
- MiCA authorisation for the European entity, passported across the EU
- Perpetuals for EU clients through an entity under MiFID II supervision
- A named European supervisory counterparty
- Clean, approachable interface
- 200+ markets in the global offering
Cons
- EU clients limited to roughly 40 pairs and 10x leverage
- Fees above the fee-free competitors
- Not a pure DEX — execution runs on operator-run order-book infrastructure
- Account with identity verification required
Pros
- Fee-free trading for retail across 100+ markets
- Dedicated appchain with CEX-grade execution
- Privacy perpetuals with position data not openly visible
- Self-custody
- Clearly separated fee model for professional and API accounts
Cons
- No EU authorisation
- Smaller market selection than the largest competitors
- Support runs through community channels
- Tax reporting rests entirely with the user
Score Comparison
4.6Usability4.7
4.0Features4.4
4.2Fees4.9
4.2Stability4.3
4.0Support3.6
Features
- One of the few perpetual venues with EU authorisation
- MiCA CASP since May 2026
- Perpetuals for EU clients since September 2025
- Solana-native infrastructure
- Fee-free for retail users
- Dedicated Starknet appchain
- Privacy perpetuals
- Own token DIME since March 2026
Details
BackpackParadex
| Backpack Exchange (Coral) | Company | Paradigm / Paradex |
| United Arab Emirates | Headquarters | United States |