Former Binance executives launched Blum, a cryptocurrency trading app. With it, you can exchange tokens directly through Telegram. The project was included in Binance Labs’ Most Valuable Builder accelerator.

Former Binance Executives Launch Crypto Trading App Blum


Gleb Kostarev and Vladimir Smerkis, former top managers of the Binance cryptocurrency exchange, launched the Blum cryptocurrency trading app. A representative of the project told RB.RU.

The app operates on a hybrid model that combines an off-chain order book and on-chain settlements, provides a list of tokens for a select selection of assets, as well as token trading directly via Telegram, Blum noted. .

Blum is currently considering jurisdictions to locate its headquarters. The project aims to focus on Asian markets and obtain a VASP (virtual asset service provider) license in Georgia.

Blum was included in Binance Labs’ Most Valuable Builder accelerator, participation in it involves mentoring from Binance Labs and support from BNB Chain.

Gleb Kostarev and Vladimir Smerkis left Binance in September 2023. Kostarev was vice president for Eastern Europe, CIS, Turkey, Australia and New Zealand, and Smerkis was directly in charge of Russia.


Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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