[Blockchain Today Reporter Seo-yeon Jang] The UK-based cryptocurrency exchange TeraBlock has announced the completion of a funding round that is known to provide an entryway for new cryptocurrency users.
In an announcement on the 149th (local time), Terrablock announced that it has secured $2.4 million from major investors such as AU21 Capital, Blockchain.com, Blocksync Ventures, BTX Capital, and CryptoDormFund. This platform is known to have been developed with beginners in mind. It provides an automated tool that allows platform users to buy and sell cryptocurrencies without being familiar with cryptocurrencies.
“We believe there is a need for a more comprehensive and easy-to-use solution for users to enter the cryptocurrency ecosystem,” said Muhammad Ali, Chief Commercial Director of Terrablock. It supports currency users and provides all the necessary tools and functions under one roof.”
For cryptocurrency beginners, Terrablock interface can automatically purchase and sell certain cryptocurrencies according to the risk reward index selected by the user. Launched in partnership with Binance Cloud, the exchange will have access to Binance’s liquidity and tokens, as well as customer understanding and anti-money laundering checks.
Since Tesla has bought $1.5 billion worth of Bitcoin (BTC) and new institutional investors have the potential to help the industry grow, many beginners are attracting more media attention to the cryptocurrency space. It is expected to start buying and selling currency. According to recent data from Unchained Capital, users of cryptocurrency less than two years sell more while long-term holders are keeping their assets in wallets.
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