Cryptocurrency Exchange TeraBlock from the UK announced the completion of a round of funding that will bring new users to the cryptocurrency.
In Monday’s announcement, TeraBlock said it has received $ 2.4 million in financing from major investors, including AU21 Capital, Blockchain.com, Blocksync Ventures, BTX Capital, CryptoDormFund and others. The platform is said to be designed for beginners and provides automation tools that allow users to buy and sell cryptocurrencies when they are not aware of the space.
“We believe there is a pent-up demand for a more comprehensive and user-friendly solution to connect users to the cryptocurrency ecosystem,” said Mohamed Ali, Chief Commercial Officer at TeraBlock. “TeraBlock can support crypto users throughout their learning by providing them with all the tools and features they need under one roof.”
For those who are new to cryptocurrency, TeraBlock can buy and sell specific digital currencies automatically based on the risk reward indicator selected by the user. The exchange was launched in collaboration with Binance Cloud and has access to Binance tokens and liquidity, as well as checking customer knowledge and money laundering.
As more media attention is focused on the cryptocurrency space, with Tesla buying $ 1.5 billion dollars in Bitcoin (BTC) and potential new institutional investors to help the industry grow, many beginners are expected to start buying and selling cryptocurrencies. Recent data from Unchained Capital shows that cryptocurrency users who have been in the room for less than two years are more likely to sell, while HODLers keep their assets in their wallets in the long run.