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Blofin - About the company

Blofin is a series B company based in George Town (Cayman Islands), founded in 2019. It operates as a Cryptocurrency futures trading platform. Blofin has raised $50M in funding from KuCoin. The company has 136 active competitors, including 39 funded and 1 that has exited. Its top competitors include companies like Synthetix, Shield and dYdX.

Company Details

Cryptocurrency futures trading platform. It offers a platform that enables users to buy, sell, deposit and trade in cryptocurrency futures, perpetuals contracts, and more. It also offers solutions for cryptocurrency market signals, insights, and more. Its app is availabale for Android and iOS users.
Website
blofin.com
Social
X
Email ID
*****@blofin.com
Key Metrics
Founded Year
2019
Location
George Town, Cayman Islands
Stage
Series B
Total Funding
$50M in 1 round
Latest Funding Round
Investors
Ranked
Employee Count
1,001 - 5,000 as on Jul 01, 2024
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Blofin's funding and investors

Blofin has raised a total funding of $50M over 1 round. Its latest funding round was a Series B round on Mar 01, 2022 for $*****. 3 investors participated in its latest round. Blofin has 3 institutional investors.

Here is the list of recent funding rounds of Blofin:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 01, 2022
2191032
Series B
6239902
2988772
7719899
6393906
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Blofin's founders and board of directors

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Blofin's employee count trend

Blofin has 1,001 - 5,000 employees as of Jul 24. Here is Blofin's employee count trend over the years:
Employee count trend for Blofin
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Blofin's Competitors and alternates

Top competitors of Blofin include Synthetix, Shield and dYdX. Here is the list of Top 10 competitors of Blofin, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Synthetix
Synthetix
2017, Sydney (Australia), Series B
Operator of a platform for perpetual futures trading on Ethereum
$36M
67/100
2nd
Logo for Blofin
Blofin
2019, George Town (Cayman Islands), Series B
Cryptocurrency futures trading platform
$50M
63/100
3rd
Logo for Shield
Shield
2022, Miami (United States), Seed
Provider of payment solutions enabling businesses to accept stablecoins and digital assets.
$7.1M
59/100
4th
Logo for dYdX
dYdX
2017, New York (United States), Series C
Developer of a decentralised platform for perpetual contract trading
$87M
55/100
5th
Logo for Drift
Drift
2021, United States, Series B
Future & options focused trading solutions for cryptocurrency
$28.8M
54/100
6th
Logo for Avantis
Avantis
2023, New York City (United States), Series A
Decentralized cryptocurrency trading platform
$16M
53/100
7th
Logo for Block Earner
Block Earner
2021, Sydney (Australia), Series A
Provider of blockchain based decentralised financing services
$10.3M
53/100
8th
Logo for Aark Digital
Aark Digital
2023, New York (United States), Seed
Decentralized derivatives exchange platform
$6M
50/100
9th
Logo for EdgeX
EdgeX
2023, Dubai (United Arab Emirates), Seed
Developer of decentralized exchange platform providing perpetual and spot trading
-
49/100
10th
Logo for MYX Finance
MYX Finance
2023, Singapore (Singapore), Seed
Online platform for perpetual trading
$5M
49/100
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Blofin's Investments and acquisitions

Blofin has made no investments or acquisitions yet.

Reports related to Blofin

Here is the latest report on Blofin's sector:

News related to Blofin

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Media has covered Blofin for a total of 17 events in the last 1 year, 12 of them have been about company updates and 1 about partnerships.
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FAQs about Blofin

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