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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 94 active competitors, including 36 funded and 1 that has exited. Its top competitors include companies like Synthetix, Drift 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
5856982
Series B
9244764
1419731
7173530
5745588
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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, Drift 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 C
Operator of a platform for perpetual futures trading on Ethereum
$240M
67/100
2nd
Logo for Blofin
Blofin
2019, George Town (Cayman Islands), Series B
Cryptocurrency futures trading platform
$50M
62/100
3rd
Logo for Drift
Drift
2021, United States, Series B
Future & options focused trading solutions for cryptocurrency
$28.8M
56/100
4th
Logo for dYdX
dYdX
2017, New York City (United States), Series C
Developer of a decentralised platform for perpetual contract trading
$87M
56/100
5th
Logo for Ostium
Ostium
2022, Chicago (United States), Series A
Platform providing on-chain perpetual swaps for stocks, indices, commodities, and FX
$28M
54/100
6th
Logo for Aark Digital
Aark Digital
2023, New York (United States), Seed
Decentralized derivatives exchange platform
$6M
51/100
7th
Logo for EdgeX
EdgeX
2023, Singapore (Singapore), Seed
Developer of decentralized exchange platform providing perpetual and spot trading
-
50/100
8th
Logo for MYX Finance
MYX Finance
2023, Singapore (Singapore), Seed
Online platform for perpetual trading
$5M
49/100
9th
Logo for LogX
LogX
2021, George Town (Cayman Islands), Seed
Provider of a decentralized derivatives trading platform and DeFi superapp for on-chain perpetuals trading
$10.1M
48/100
10th
Logo for Flipster
Flipster
2021, Panama (Panama), Unfunded
Provider of a cryptocurrency derivatives trading exchange
-
-
46/100
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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 6 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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