UAE-Based Blum Raises $5M to Expand Telegram-Based Crypto Trading

Blum, a UAE-based decentralised trading platform operating through Telegram, has secured $5 million in pre-seed and seed funding from investors including gumi Cryptos Capital, Spartan, No Limit Holdings, YZi Labs and OKX Ventures. The funds will be used to enhance its infrastructure, refine trading functionalities, and extend its footprint across multiple blockchain networks.

The company, which initially followed a “Click to Earn” model, has shifted to a “Trade to Earn” approach, encouraging active user participation rather than passive engagement. Its AI-powered trading bot has already attracted over 1 million users, a sign of growing demand for seamless digital asset management within Telegram’s ecosystem.

Founded in 2024, Blum’s Telegram community has surpassed 32 million members, while its platform has recorded 2.2 million unique wallet interactions.