Coinbase invested $ 4.3 million in Blade Bitcoin derivatives exchange with leverage up to 150x

Coinbase invested $ 4.3 million in Blade Bitcoin derivatives exchange with leverage up to 150x

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The American company Coinbase has invested $ 4.3 million in seed investments in the upcoming crypto derivative exchange Blade, The Block reports.

Venture capital firms SV Angel, A.Capital and Slow Ventures also participated in the funding round. According to the publication, about three weeks are left before the launch of Blade. On the trading platform, unlimited swaps for bitcoin and altcoins with a maximum leverage of up to 150x will be presented.

The site also says that at first the trading platform will support the trading pairs BTC / USD, BNB / USD, BTC / KRW, XMR / BTC, DOGE / USDT, XRP / USDT and ZEC / USDT.

“Perpetual swaps are arguably the fastest growing cryptocurrency trading segment,” said Blade CEO Jeff Bune. “In the long run, we want to become something like the Chicago Mercantile Exchange (CME) for crypto.”

Due to regulatory restrictions, US residents will not be able to trade on Blade.

Recall that at the beginning of this year, at a closed meeting, representatives of Binance, Coinbase and Goldman Sachs discussed the further development of the industry. One of the key topics of discussion was cryptocurrency derivatives.

Coinbase invested $ 4.3 million in Blade Bitcoin derivatives exchange with leverage up to 150x

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