Andrey Bogatyrev
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BlumBlum

Introduced perpetual trading, giving 95M+ users access to leveraged crypto positions

I led the design of perpetual trading from 0 to 1 — building core trading flows, defining interaction principles for leveraged positions, and making perps accessible to users across all experience levels. Built a scalable design system that accelerated the launch and reduced development costs.

ProductWeb3 / Exchange / DEX / DeFi
RoleLead Product Designer
YearsJun. 2025 – Feb. 2026
PositionsChartOrder

Context

Spot Trading and Launchpad built an active trading audience inside Blum and showed that the product could retain users within the ecosystem. The next step was launching Perpetual Trading: a leveraged trading instrument that opened a new audience segment and expanded the product line beyond spot trading.

Business Goal

Give Blum users an additional trading instrument and attract a new audience — traders who predominantly work with perps on CEX platforms — and through this increase trading volume, fee revenue, and retention within the ecosystem.

Systematic Approach

I built a design system with shared trading flows, reusing components from Spot Trading and adapting them to perpetual trading — without starting from scratch.

For existing Blum users, familiar patterns made the transition seamless. For the business: faster launch, reduced development time, and lower delivery costs. I shipped the product in iterations, each clearly scoped, which reduced risk at every stage.

Process

I analysed CEX platforms with perpetual trading: Binance Futures, Bybit, OKX, Hyperliquid and studied how they structure the trading screen, what parameters they prioritise, and how they manage interface complexity.

The key observation: all existing platforms were built for experienced traders who already understand perp mechanics. The entry threshold for a new user remained high — and that was the opportunity to make perps accessible to a wider audience.
Binance

Binance

Bybit

Bybit

OKXOKX

OKX

HyperliquidHyperliquid

Hyperliquid

Two Types of Traders

Perpetual Trading in Blum attracted two very different types of users. Their needs weren't just different — they were incompatible in a single interface.
Blum users familiar with spot

I've bought tokens before. But perps feel different — I don't know what leverage to set or what liquidation price means. I just want to try without risking too much.

Experienced trader

I trade perps on Bybit every day. I need Size mode, TP/SL, and the chart visible at the same time. If the interface slows me down, I'll stay on CEX.

The answer was two separate modes, each built around a different way of trading.

Lite Mode

Lite mode is designed to reduce cognitive load for users who are new to perps and those who are familiar with perps but don't trade professionally.

The screen shows only what's needed to make a decision — without extra parameters that could confuse. Details are available, but don't get in the way.
Lite modeToken pageOverview

The trading flow is organised through Margin mode. This was a deliberate decision: most users don't think in terms of Size, which is the standard format for experienced perp traders.

BuyDoneWallet

Degen Mode

Degen mode is built for experienced traders accustomed to CEX interfaces. It works on the opposite principle: all key metrics are visible at once without additional navigation. Flexible chart settings allow displaying TP/SL and Entry price directly on the chart.

Size mode is the primary format for professional trading. Positions can be placed in USDT or the base token currency. Margin mode is available for those who prefer it. TP/SL, advanced order types, and order details are all accessible.
Degen modeDegen modeDegen mode

Key metrics such as Market price, Last trade, 24h high price, volume and funding always on screen.

 

Collapse chart to focus on trading, expand to track live price action

Flexible leverage controls

Leverage is adjusted via a slider or +/− controls. As the value changes, Size and Liquidation price update instantly — so the trader always sees the real impact of their position before confirming. When a high leverage is selected, a risk warning appears inline — keeping the trader informed without interrupting the flow.
Leverage buyLeverage doneWallet

Take Profit / Stop Loss flow

TP/SL can be set when placing an order or added to an already open position. Once set, the levels appear directly on the chart and can be adjusted by dragging — without leaving the trading screen.
TP/SL buyTP/SL doneTP/SL chart

TP, SL and entry price displayed directly on the chart. Adjust levels without leaving the screen.

Positions, Orders, History

Active positions, open orders, and trade history are all on the token page. The trader stays in context without switching screens. Key actions like leverage, TP/SL, and closing a position are available inline.
Positions buyPositions donePositions wallet

Web version

The web version extends the product to desktop, bringing the full trading terminal to a larger screen. A bigger chart, order form, and open positions are all visible at once — particularly valuable for experienced traders who rely on detailed chart analysis to make decisions.
Web size mode
Web margin mode

Key Design Decisions

I designed the interface to make the trading process transparent and manageable. Liquidation price, leverage warnings, risk thresholds — all visible across both modes. The goal was to give users full control so they could make decisions on their own.

I built Lite and Degen on shared patterns and components — making the transition between modes seamless. A user who starts in Lite and grows comfortable can move to Degen without feeling like they've switched products. Each user chooses a mode based on their experience and trading style — while staying within the same ecosystem.

Outcome

I designed Perpetual Trading, giving 95M+ Blum users access to a new trading instrument. By establishing a systematic approach and breaking the launch into iterations, I helped the team reduce costs and ship faster.

The product attracted a new audience: traders who came specifically for perps and started generating trading volume and fee revenue for the business.

$32.3М

Total trading volume

2.3M+

Active perps traders

544.8K MAU

Average sustained over 6 months

+1.2M

new users in 6 months post-launch