3 months ago

Blum Secures $5M to Expand Telegram Crypto Trading Platform

  • UAE-based Blum, a decentralized crypto trading platform on Telegram, raised $5 million in pre-seed and seed funding from gumi Cryptos Capital, Spartan, No Limit Holdings, YZi Labs, and OKX Ventures

  • The funding will support infrastructure improvements, trading functionality enhancements, and expansion across multiple blockchain networks

  • Blum transitioned from a "Click to Earn" to a "Trade to Earn" model, attracting over 1 million users.

      • ProblemFinancial Services

      "Trading cryptocurrencies can be complex and inaccessible to many, especially those unfamiliar with decentralized exchanges and blockchain technology. Existing platforms often lack user-friendliness and transparency."

      Solution

      "Blum offers a user-friendly, Telegram-based platform for crypto trading, leveraging AI-powered trading bots to simplify the process and make it accessible to a wider audience, even those without extensive knowledge of blockchain."

      Covered on