Dubai - Sharikat Mubasher: Blum, a Dubai-based decentralized trading platform operating via Telegram, raised a $5 million pre-seed and seed funding led by Gumi Cryptos Capital, with participation from YZi labs, Spartan Capital, No Limit Holdings, OKX Ventures, TOP.co, Bitscale Capital, and Wintermute Ventures.

In a recent statement, Blum revealed that the funding will fuel its mission to create a seamless and innovative trading ecosystem, paving the way for the future of trading for over 90 million users worldwide.

It will use the funding to enhance its infrastructure, improve trading functionalities, and expand its operations across multiple blockchain networks, providing users with greater flexibility in managing their digital assets.

Blum focuses on developing its intelligent trading bot, which has already attracted over one million users. With its rapid expansion and increasing investor backing, Blum positioned itself as a leading player in the decentralized trading space, paving the way for further innovations and advancements in this evolving industry.