AI
Saudi Arabia
UAE
EgyptUAE-Based Blum Secures $5M to Expand Telegram-Based Crypto Trading
2 min
Blum secured $5 million from investors, including gumi Cryptos Capital, Spartan, and OKX Ventures.
The funding will be used to refine its trading bot and strengthen blockchain integrations.
The platform has shifted from a "Click to Earn" to a "Trade to Earn" model to boost active engagement.
Over 1 million users have adopted its AI-powered trading bot.
Blum’s Telegram community has surpassed 32 million members, with 2,2 million unique wallet interactions recorded.
Blum, a UAE-based decentralized trading platform operating through Telegram, has successfully secured $5 million in pre-seed and seed funding. The funding round included contributions from prominent investors such as gumi Cryptos Capital, Spartan, No Limit Holdings, YZi Labs, and OKX Ventures. This fresh injection of capital will enable Blum to refine its AI-powered trading bot, enhance its platform infrastructure, and expand its presence across multiple blockchain networks.
Originally founded in 2024, Blum first gained traction with a “Click to Earn” model but has since transitioned to a “Trade to Earn” approach, which encourages users to actively engage in trading rather than passively earning rewards. This shift has contributed to the platform’s rapid growth, with its AI-driven trading bot already attracting over 1 million users.
Blum’s success is further reflected in the impressive scale of its community, boasting more than 32 million Telegram members and recording 2.2 million unique wallet interactions. As blockchain-based trading continues to evolve, the company’s AI-powered tools position it as a key player in the growing decentralized finance (DeFi) sector.
With this funding, Blum aims to solidify its foothold in the digital asset trading space, offering traders a more seamless and efficient way to manage their portfolios within Telegram’s ecosystem.
