Blade: Raises $4.3m from Coinbase

Blade: Raises $4.3m from Coinbase

Blade: Raises $4.3M from Coinbase, SV Angel to reshape cryptocurrency derivatives trading

  • Exchanges like Coinbase have ballooned in size by taking the mechanics of equity markets
  • Blade is a new cryptocurrency derivatives exchange launching in three weeks
  • Blade is announcing that they’ve raised $4.3 million in seed funding from a host of investors
  • When the exchange is tackling perpetual swap contracts
  • Blade is raising funds from Silicon Valley’s VCs, but U.S. investors won’t be legally able to participate in the exchange
  • U.S. government agencies have been a bit more stringent in regulating cryptocurrencies