This week, BLUM, the telegram -based cryptocurrency trading platform, announced the completion of the seed financing round.
Upon advertising via X Post on February 12, Blum received $ 5 million of pre -seeds and seeds, with large investments from the prominent VC, Gumi Cryptos. Among the other financiers were Yzi Labs, Spartan Capital, OKX Ventures, Wintermute, No Limit Holdings and Bitscale. This comes after September, it has obtained an investment from Binance Labs, one of the largest CryptoExchans, Binance’s Daure Capital.
BLUM was set to use $ 5 million financing to provide its 2025 vision of providing a smooth and innovative business system of Blum 90m+. It is currently available across more than 30 Blockchain network, including ETAREUM, Solana, Binance Smart Chain and TON, and the hybrid exchange model allows users to smoothly distinctive symbols without having to switch between multiple platforms.
BLUM received $ 5 million in pre -seeds financing and seed financing, paving the way for the future of trading for our 90m+users! 🌍✨
Under the leadership Gumicryptos And its support @Yzilabsfor Thespartangroupfor Nolimithodlfor @Okx_venturesfor Topdotcofor bitscalecapitalAnd wmt_venturesThis financing is nourishing … pic.twitter.com/aohxybr7e
– Blum (@BLUMCRYPTO) February 12, 2025
Blum to use funding for
Founded by the former Vice President at Binance, Gleb Kostarev behaves as CEO and one of the participating founders, Blum Since its launch in July last year, it has grown in both the popularity and rule of users. With the BOT trading on the telegram -based trading specially designed for Gen Z and Millenials in mind, I have made Crypto Trading simple for new and beginners users. His transfer from the previous tap model to the Earn to Trade-To-Eern in 2025 also aims to motivate users to himself.
Now with the recipient financing, Blum has been set for development and work on:
- Multiple commercial robots,
- Acting memepad,
- Trading of permanent future contracts.
The development of multiple commercial robots Another layer of function and comfort will add to its users. This would make it easier for merchants to reach and interact with a variety of assets across multiple groups.
The MEMEPAD platform operating in Amnesty International It aims to develop more is what currently allows its users to launch their Memecoins and then trade easily. Artificial intelligence tools included in automating the steps involved in creating a new mechanical. This removes the complexity that usually comes with the creation of the distinctive symbol, such as coding or spreading smart contracts on Blockchain. Blum’s Memepad ranked second in the world, where more than $ 200 million was listed in trading volume, and the creation of 200,000 icons was created in which more than 380 coins listed on Dexs.
By developing Memepad, Blum benefits in the increasing direction of Memecoins and the projects driven by society, which have become an important part of the cryptocurrency scene.
Blum to become complete Dex?
In November of last year, Blum also received an investment from the open platform (TOP), a project creator in the Telegram’s Ton Ecosystem.
Since TON currently lacks a major central exchange (DEX), Blum using the Trading and Trading feature to ERN based on the telegram can complete the void in need of TON to the main DeX. It can see it to expand its commercial services beyond TON to accelerate its development into a full -fledged exchange. This will allow users to replace the symbols available only on TON, but the crossing.
There are some challenges as well. Currently, BLUM is more than a hybrid platform that integrates several groups of Blockchains and allows users to trade through it. To become a real DeX, you will need Blum to work on governance and decentralized infrastructure, ensuring that there is no central authority that controls the platform. While Blum collects liquidity via different chains, it will need to create deeper liquidity pools, and to facilitate both the AMMS manufacturers (AmMS) and possibly book requests to attract a wide range of traders.
Thus, while Blum seeks to expand to broader and varied markets including APAC-as shown by one of its founders-Blum’s development in the advanced DeX and its efforts to make the encryption trading simple is something that must be closely monitored.
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