The American cryptocurrency exchange Coinbase became the leader in the funding round of the Blade cryptocurrency derivatives trading platform, which raised more than $4.3 million.
The venture capital companies SV Angel, A. Capital and Slow Ventures also participated in the financing round.
It is expected that the start of trading on the Blade platform should take place in three weeks. Users will be able to trade with a shoulder, and the size of the shoulder is quite large — up to 150. Trading contracts for bitcoin and altcoins will be calculated in USDT stablecoin or in bitcoins.
“Perpetual swap contracts are one of the fastest growing segments of cryptocurrency trading. In the future, we want to become an analogue of CME in the cryptocurrency industry, ” said Jeff Byun, CEO of Blade.
It should be noted that users from the United States will not have access to the new platform due to the tougher position of regulators in the country. In addition, the “main volume of trade” comes from other countries.
Recently, the CEO of the cryptocurrency exchange and Coinbase wallet, Brian Armstrong, said that in five years he sees the company as more than just an exchange.