RATE Group | Blade raises $4.3M from Coinbase, SV Angel to reshape cryptocurrency derivatives trading…
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Blade raises $4.3M from Coinbase, SV Angel to reshape cryptocurrency derivatives trading…

12 Aug Blade raises $4.3M from Coinbase, SV Angel to reshape cryptocurrency derivatives trading…

Posted at 23:04h in Cryptocurrency News by

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Exchanges like Coinbase have ballooned in size by taking the mechanics of equity markets and fitting them to cryptocurrency markets, but as the space expands in its scope and craftiness, new exchanges trading asset classes native to cryptocurrency are taking off and attracting the attention of top Silicon Valley VCs. Oh, and Coinbase, too.

Blade is a new cryptocurrency derivatives exchange launching in three weeks. Prior to starting the company, CEO Jeff Byun and his co-founder Henry Lee founded OrderAhead, a delivery startup platform that was eventually acquired in-part by Square in 2017. The pair’s newest company shares little in common with their previous venture, but they are bringing aboard some of the same investors to support them.

Blade is announcing that they’ve raised $4.3 million in seed funding from a host of investors, including Coinbase, SV Angel, A.Capital, Slow Ventures, Justin Kan and Adam D’Angelo.

The exchange is tackling perpetual swap…

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