Financing News | British crypto exchange TeraBlock Exchange completes $2.4 million in financing to develop a friendly interface for crypto novices

According to Cointelegraph on April 20, British cryptocurrency exchange TeraBlock announced that it had completed $2.4 million in financing, with investors including AU21 Capital, Blockchain.com, Blocksync Ventures, BTX Capital, CryptoDormFund, etc. The platform will provide an entry point for new cryptocurrency users.

The platform was reportedly developed for newcomers and offers automated tools that allow users to buy and sell cryptocurrencies without being familiar with the field. The platform can automatically execute trades based on up to four risk-reward profiles selected by crypto users.

Muhammad Ali, Chief Business Officer at TeraBlock, said:

We believe that there is an unmet need to provide more comprehensive, easy-to-use solutions to users entering the cryptocurrency ecosystem. TeraBlock can support crypto users throughout the entire learning process and provide all the necessary tools and features.

For crypto newbies, the TeraBlock interface is able to automatically buy and sell certain cryptocurrencies based on a risk-return index selected by the user. TeraBlock has partnered with Binance Cloud to launch access to Binance liquidity and tokens, as well as Know Your Customer and Anti-Money Laundering checks.

With more and more media attention on the cryptocurrency space, Tesla buying $1.5 billion in Bitcoin, and new institutional investors likely helping the crypto industry grow, many newcomers are expected to start buying and selling cryptocurrencies. Unchained Capital's latest data shows that crypto users who have been in the space for less than two years are more likely to sell, while long-term HODLers keep their assets in their wallets.