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Tuesday

20 August 2019

Coinbase and Silicon Valley Partake in $4.3M Funding Round for Cryptocurrency Derivatives Exchange

Coinbase and Silicon Valley Partake in $4.3M Funding Round for Cryptocurrency Derivatives Exchange


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According to news published by TechCrunch on August 12, a newly established cryptocurrency derivatives exchange named Blade has received $4.3 million dollars in funding from notorious Silicon Valley investors including Coinbase. .

Blade’s services will cover mainly trade in perpetual swap contracts, the fastest-growing segment of cryptocurrency trading according to Jeff Byun, CEO of the company.

First, the contracts offered will be set up on simplified vanilla contracts; secondly, the contracts will be settled in Tether (USDT); and last of all, the leverage available on Blade will go up to 150x for BTC-USD and BTC-KRW trading pairs.

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