Blum: Former Binance Execs Launch Hybrid Crypto Exchange

Former executives of Binance, one of the world’s largest cryptocurrency exchanges, have launched a new crypto trading platform named Blum. The hybrid exchange, which merges centralized and decentralized facilities, aims to provide a better trading experience for both novice and veteran traders.

Former Binance execs launch Blum, a hybrid crypto exchange. The platform is modern and sleek, with a seamless user experience

 

Blum has already garnered over 50,000 signups in its first 48 hours, indicating strong interest in the platform. Its founders, Gleb Kostarev and Vladimir Smerkis, are both experienced in the cryptocurrency industry, having previously worked for Binance in Eastern Europe.

The innovative platform promises direct trading from third-party wallets across multiple blockchains, which could revolutionize the crypto trading landscape. Blum aims to provide a seamless experience for users, enabling them to execute trades directly from external crypto wallets spanning various blockchain networks. The platform could potentially improve liquidity, reduce costs, and increase security for traders.

Launch of Hybrid Crypto Exchange Blum

A crowd gathers as Blum's hybrid crypto exchange is launched by former Binance execs. The exchange logo shines brightly against a backdrop of digital currency symbols

Overview of Blum Exchange

Blum is a new hybrid crypto exchange that merges Centralized Exchange (CEX) and Decentralized Exchange (DEX) facilities for a new trading experience. It was launched by a group of Binance alumni to introduce an improved trading experience for new digital participants and veterans alike.

The Blum exchange enables users to execute trades directly from external crypto wallets spanning various blockchain networks. This feature is poised to revolutionize the trading landscape as it eliminates the need for users to transfer their assets to the exchange before trading. Blum also boasts of high liquidity and low trading fees, making it an attractive option for traders.

Former Binance Executives’ Involvement

Blum was founded by Gleb Kostarev and Vladimir Smerkis, former executives of Binance, one of the world’s biggest crypto exchanges. The two executives left Binance and teamed up to start the new crypto platform, months after leaving the world’s largest digital asset exchange.

Kostarev and Smerkis bring a wealth of experience to the Blum exchange, having worked at Binance and other leading crypto exchanges. Their involvement in the new venture is expected to give the exchange a competitive edge in the crypto market.

In conclusion, the launch of the Blum exchange is a significant development in the crypto industry. Its innovative features and the involvement of former Binance executives make it a promising platform for traders looking for a seamless trading experience.

Impact on the Cryptocurrency Market

Former Binance execs launch Blum exchange, impacting crypto market. Exchange logo and trading charts in the background

Innovations and Differentiators

Blum, the new hybrid crypto exchange founded by former Binance executives Gleb Kostarev and Vladimir Smerkis, promises to revolutionize the trading landscape. The platform enables users to execute trades directly from external crypto wallets spanning various blockchain networks. This feature is a significant innovation in the crypto trading industry. As it eliminates the need for users to transfer their funds to the exchange’s wallet before trading.

Another differentiator of Blum is its focus on the Asian market. Kostarev, who was Binance’s head of Asia. It has extensive experience in the region and understands the unique needs and challenges of Asian traders. The exchange also holds a Georgian crypto license. Which allows it to operate in a regulated environment and offer its services to a broader audience.

Market Response and Predictions

Blum’s launch has generated a lot of buzz in the cryptocurrency community. Many industry experts predict that it will be a game-changer. The platform’s innovative features and focus on the Asian market have attracted a lot of attention. And many traders are eager to try it out.

However, it is still too early to predict how successful Blum will be in the long run. The cryptocurrency market is highly volatile, and new exchanges often struggle to gain traction. Additionally, Blum will face stiff competition from established players like Binance, Coinbase, and Kraken.

Despite these challenges, Blum’s unique features and experienced team give it a fighting chance in the crowded crypto exchange market. If the platform can deliver on its promises and attract a significant user base. It could become a major player in the industry.

By Jastra Kranjec

Jastra is an author at CryptoPresales. Over the years, she has worked in different fields of journalism and public relations, including politics, economy, crypto, and financial markets.