Blofin

Blofin is a centralized cryptocurrency exchange (CEX) specializing in derivatives products like futures and perpetual contracts. The company was founded in September 2019 by Matt Hu, who also founded TokenInsight and was named one of the "Top 100 Influencers in Blockchain" by Cointelegraph in 2020. Hu's background includes a tenure at a U.S. venture capital firm starting in 2013, where he was involved with investments in companies like Twitch and Unity.

The exchange officially launched its futures trading platform in January 2023. Blofin's primary offerings include USDT-margined perpetual contracts, with over 350 trading pairs, and recently introduced coin-margined perpetuals for assets like BTC and ETH. These products allow traders to speculate on cryptocurrency price movements with leverage up to 150x, without an expiration date. The platform serves both novice and experienced traders through features like spot trading, one-click copy trading, demo accounts, and API access. To enhance security, Blofin partners with Fireblocks for asset custody and utilizes Chainalysis for real-time transaction monitoring.

The company's business model centers on generating revenue from transaction fees, which are structured on a tiered basis depending on a user's trading volume and asset balance. Blofin is headquartered in the Cayman Islands and has secured several funding rounds. This includes a $12 million Series A2 round in September 2021 and a significant $50 million Series B round in March 2022, led by KuCoin with participation from investors like SIG and Matrix Partners.

Keywords: cryptocurrency exchange, perpetual contracts, futures trading, crypto derivatives, USDT-margined, coin-margined, leverage trading, copy trading, crypto asset management, digital assets, Fireblocks, Matt Hu, KuCoin, SIG, Matrix Partners, spot trading, blockchain finance, CEX, crypto trading platform, derivatives exchange