Former Binance executives Gleb Kostarev and Vladimir Smerkis have announced the launch of Blum, a crypto platform enabling direct trading from third-party wallets across multiple blockchains. The platform has attracted significant investments and gained popularity rapidly.
Launch of Blum and its Features
Blum positions itself as a hybrid crypto exchange merging centralized and decentralized trading functionalities. The platform allows users to trade directly from external wallets, simplifying token listing through automated checks on technology, liquidity, and user base. In the first 48 hours post-launch, Blum garnered over 50,000 signups and gained recognition in a Telegram community exceeding 32 million members.
Support from YZi Labs
YZi Labs, the rebranded investment platform formerly known as Binance Labs, has provided crucial support to Blum by conducting a $5 million funding round. This round, led by gumi Cryptos Capital, marks a significant milestone for Blum, highlighting interest in innovative solutions within the cryptocurrency sector.
Participation at Blockchain Forum 2025
At the Blockchain Forum 2025 in Moscow, Gleb Kostarev and Vladimir Smerkis confirmed raising $5 million from YZi Labs for Blum. This participation showcases the ongoing connection between the former Binance executives and their new ventures in the crypto space.
The launch of Blum and its successful funding illustrate the continuing influence of ex-Binance executives on the cryptocurrency industry. The platform seeks to transform the trading approach by offering new opportunities in the digital asset market.
