The venture arm of Binance’s cryptocurrency ecosystem is investing in the Blum cryptocurrency exchange, which was launched in April 2024 by former Binance regional managers Gleb Kostarev and Vladimir Smerkis. A Blum representative told RB.RU about this.
Author:
https://rb.ru/author/bilyk/
Subscribe to RB.RU on Telegram
Blum did not disclose the amount of Binance Labs’ investment or details of the transaction. In exchange for the investment, Binance received a percentage of future Blum tokens, a Blum representative said.
“We are grateful to Binance Labs for their support, which will accelerate the creation of Blum’s trading infrastructure and allow us to scale to new markets,” said Gleb Kostarev, co-founder and CEO of Blum.
Blum is a gamified mini-app on Telegram. A full launch of the crypto exchange is planned before the end of 2024. On the exchange it will be possible to trade cryptocurrency assets on blockchain networks.
In the future, Blum plans to introduce partnership projects so that users can earn money by completing tasks and playing games. In addition, Blum intends to launch a service where users will be able to issue and trade their own tokens.
According to Blum, the app’s audience includes more than 60 million users, placing it third on the global list of crypto platforms in popularity.
Author:
Kirill Bilyk
Source: RB
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.
