Blum Secures $5 Million to Expand Decentralized Trading Platform 

Blum, a UAE-based decentralized trading platform, has successfully raised $5 million in a combined pre-seed and seed funding round. The investment was led by prominent firms, including gumi Cryptos Capital, Spartan, No Limit Holdings, YZi Labs, and OKX Ventures.

Blum operates via Telegram, offering users a seamless trading experience within the messaging app. With this fresh capital, the company plans to enhance its trading infrastructure, improve platform functionalities, and expand across multiple blockchain networks. This strategic move is aimed at providing users with greater flexibility in managing their digital assets.

A key focus for Blum is the development of its intelligent trading bot, which has already garnered over 1 million users. The platform views this as a testament to the growing demand for efficient, automated trading solutions in the Web3 space.

Since its launch in 2024, Blum has experienced significant growth. The platform now boasts a Telegram community of over 32 million members and has recorded 2.2 million unique wallet activities.

Blum has also undergone a strategic transition from a “Click to Earn” model to a more sustainable “Trade to Earn” approach. This shift is designed to encourage active trading participation rather than passive engagement, ensuring long-term viability.

Beyond financial backing, the funding round also brings strategic partnerships with key industry players. These collaborations aim to strengthen Blum’s market position and further refine its capabilities.

Blum’s leadership, including CEO Gleb Kostrav and CMO Vlad Smirkes, emphasized that this funding is not solely about capital but also about forming alliances that will enhance the platform’s offerings. Their goal remains clear: to establish a secure, efficient, and scalable trading environment for users navigating the decentralized finance ecosystem.