{"id":72839,"date":"2024-03-04T12:57:44","date_gmt":"2024-03-04T16:57:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=72839"},"modified":"2024-03-04T12:58:15","modified_gmt":"2024-03-04T16:58:15","slug":"ex-binance-execs-launch-innovative-crypto-exchange-startup","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ex-binance-execs-launch-innovative-crypto-exchange-startup\/","title":{"rendered":"Ex-Binance Execs Launch Innovative Crypto\u00a0Exchange Startup"},"content":{"rendered":"\n

Recently, two former Binance executives<\/a> declared the inception of Blum, an innovative next-generation\u00a0crypto\u00a0exchange startup.<\/p>\n\n\n\n

\"Ex-Binance<\/figure>\n\n\n\n

Former Binance Eastern Europe executives Vladimir Smerkis and Gleb Kostarev have formed a partnership to launch an entirely new crypto\u00a0exchange platform after their departure from the preeminent CEX.<\/p>\n\n\n\n

The action may have a transformative effect, as the crypto startup may present Binance with direct competition.<\/p>\n\n\n\n

Former Binance Executives' Latest Venture<\/h2>\n\n\n\n

Blum, the new venture of ex-Binance executives, has the potential to bring about a significant paradigm shift in the trading industry.<\/p>\n\n\n\n

The platform, as announced in a statement on Monday, will permit users to conduct transactions directly from external crypto wallets that span multiple blockchain networks.<\/p>\n\n\n\n

In an interview, Kostarev disclosed that the initial deployment is planned for later this month.<\/p>\n\n\n\n

Kostarev explained that Blum\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> will optimize the procedure for listing tokens for crypto\u00a0projects by utilizing automated software to perform initial evaluations of the project's user base, liquidity, and technology.<\/p>\n\n\n\n

According to a post by Binance Labs on X, the venture capital arm of Binance personally selected the crypto startup to partake in an accelerator program this month.<\/p>\n\n\n\n

Kostarev was previously the regional head for Eastern Europe, the Commonwealth of Independent States (CIS), Turkey, Australia, and New Zealand for Binance.<\/p>\n\n\n\n

While Smerkis held the position of general manager for the CIS region during that time.<\/p>\n\n\n\n

Gleb Kostarev and Vladimir Smerkis's Departure<\/h2>\n\n\n\n

Amidst escalating turmoil, the departure of these executives initiated a sequence of high-ranking personnel from Binance towards the end of last year.<\/p>\n\n\n\n

In November, Binance and its former CEO Changpeng Zhao<\/a> entered into a settlement with the US Department of Justice, wherein acknowledging responsibility for allegations such as money laundering and sanctions violations.\u00a0<\/p>\n\n\n\n

The settlement entailed a substantial financial penalty of $4.3 billion.<\/p>\n\n\n\n

Kostarev disclosed that Blum is determined to serve clients throughout Asia, and the company intends to apply for authorization to operate as a virtual asset service provider in Georgia.<\/p>\n\n\n\n

Despite being situated in Dubai, the partnership is hesitant about creating a global headquarters in the United Arab Emirates.<\/p>\n\n\n\n

At present, discussions are underway to obtain external investor funding for the venture, to conclude the round by the end of this month, according to Kostarev.<\/p>\n","protected":false},"excerpt":{"rendered":"

Recently, two former Binance executives declared the inception of Blum, an innovative next-generation\u00a0crypto\u00a0exchange startup. Former Binance Eastern Europe executives Vladimir Smerkis and Gleb Kostarev have formed a partnership to launch an entirely new crypto\u00a0exchange platform after their departure from the preeminent CEX. The action may have a transformative effect, as the crypto startup may present Binance […]<\/p>\n","protected":false},"author":56,"featured_media":59616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[326,17541,18674,18673,1191],"class_list":["post-72839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-binance-exchange","tag-blum","tag-cryptocurrency-startup","tag-cz-binance"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/09\/binance-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=72839"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/59616"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=72839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=72839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=72839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}