UK-based crypto exchange Terablock announced the completion of a funding round that will provide an on-ramp for new crypto users. Terablock received $2.4 million in funding from big name investors like AU21, Capital, Blockchain.com, Blocksync Ventures, BTX Capital, and CryptoDormFund, to name a few. The platform was created with newcomers in mind, enabling automation tools that allow users to buy and sell crypto when they are unfamiliar with the territory.
Here’s what Terablock’s Chief Commercial Officer had to say about the news: “We believe there is pent-up demand for more comprehensive and easy to use solutions for onboarding users to the cryptocurrency ecosystem. Terablock can support crypto users through their entire learning curve, giving them all the necessary tools and features under one roof.”
Newcomers to this cryptocurrency ecosystem have a lot to be excited about. The Terablock interface can automatically buy and sell certain types of cryptocurrencies based on the risk-reward index that the user selects. Launched through a partnership with Binance Cloud, the exchange has access to Binance’s liquidity, tokens, and the Know Your Customer and Anti-Money Laundering checks. As more media attention is diverted to the cryptocurrency ecosystem, first time users will begin to feel more comfortable with investing in the community. Recent data from Unchained Capital has suggested that crypto consumers that have been in the space for less than two years, while long-term holders, are keeping their assets in their wallets.
As a diversified crypto ecosystem, Terablock wants to help users retain and optimize their holdings on a unified platform. By simplifying Crypto and DeFi, many users will have an easy time transitioning into this robust community. The Terablock infrastructure consists of a wide array of DeFi instruments that allow users to invest, hold, stake, farm, and bridge crypto assets in a safe and decentralized manner.
Read the full article at Coin Telegraph!
