Key Points:
Read more: Top 5 Binance Labs Investments To Watch
Blum, the brainchild of former Binance executives Gleb Kostarev and Vladimir Smerkis, aims to revolutionize trading by merging centralized (CEX) and decentralized (DEX) features.
Backed by Binance Labs, Blum emerged as one of the chosen 13 protocols out of a pool of over 700 global projects. This innovative platform enables users to trade directly from third-party crypto wallets across various blockchain networks.
Blum boasts an off-chain order book with on-chain settlement, promising seamless trading experiences. It automatically lists tokens with sufficient liquidity and supports mobile trading via a Telegram mini app, tapping into the rising trend of crypto trading on private messaging platforms.
Kostarev, Blum’s CEO, previously served as Binance’s regional head for Eastern Europe, CIS, Turkey, Australia, and New Zealand. Smerkis, now the platform’s chief marketing officer, was the general manager for the CIS region at Binance.
The former Binance executives departure coincided with a series of senior leadership exits as the exchange faced challenges. Blum aims to target customers across Asia and plans to seek approval as a virtual asset service provider in Georgia. Despite being based in Dubai, the global headquarters’ location is undecided.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
ETHPrague 2024 is breaking new ground by shifting its attention away from get-rich-quick schemes and…
Crypto.Games, an online cryptocurrency casino established in 2020 and renowned for its innovative approach to…
Utah's crypto enthusiasts are gearing up for the highly anticipated Cryptopia Conference 2024, set to…
Grayscale spot Ethereum ETF is focusing resources; the company drops Ether futures ETF application amid…
Former President Donald Trump announces support for cryptocurrency, stating he will accept crypto donations for…
Consensus 2024 stands as the unrivaled pinnacle of the cryptocurrency, blockchain, and Web3 communities, solidifying…
This website uses cookies.