Former Binance Eastern Europe executives Gleb Kostarev and Vladimir Smerki are teaming up to launch a new cryptocurrency platform, Blum. Blum will allow users to directly trade from third-party cryptocurrency wallets on multiple blockchain networks, with the first issuance scheduled for later this month. Blum aims to target customers across Asia and plans to seek approval as a virtual asset service provider in Georgia. The headquarters may be located in Dubai, and negotiations are currently underway to raise funds from external investors for the business, with hopes of completing this round of financing later this month.