**What is Blum?**

Blum is a hybrid cryptocurrency exchange established by former Binance executives Gleb Kostarev and Vladimir Smerkis. The platform combines the features of centralized and decentralized exchanges (CEX + DEX), allowing users to trade directly from their wallets while maintaining a high level of security and transparency. This innovative approach aims to transform the crypto trading landscape by offering a user-friendly yet secure trading experience.

### Latest Updates:

Rumors have been circulating that Blum will launch in October 2024 with a starting price between $0.1 and $0.5. However, based on research, these rumors are inaccurate. Blum has only announced that starting from October 1, they will reveal the official launch date on their official page on X (formerly Twitter). The conversion ratio is set at 3.33r, meaning 3.33 Blum points will be equal to 1 Blum token.