Image credits: TabTrader
Amsterdam-based cryptocurrency trading app TabTrader announced that it has closed a $5.8M (approx €5.1M) Series A round led by BitMEX Ventures. Other investors including Hashkey Capital, Spartan Capital, SGH Capital, SOSV, and Artesian Venture Partner also participated.
The funds will enable TabTrader to accelerate the integration of more decentralised exchanges, the addition of asset classes such as FX markets, and a complimentary web-based version of the service.
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“We started on mobile because our mission is to allow everyone in the world to invest,” says Kirill Suslov, co-founder and CEO of TabTrader.
Founded by Krill Suslov, TabTrader is a mobile app that allows users to trade Cryptocurrencies on multiple exchanges in one platform. The platform allows users to track exchange accounts, trade, analyse charts, and get instantly notified on price changes.
Currently, the app supports more than 34 exchanges (Binance, FTX, Huobi, Kraken, BitMEX, etc.) with over 12,000 instruments to monitor a portfolio, trade, or do chart analysis.
Available on both Android and iOS, the Dutch company has over 400,000 active users without any advertising.
Launching own token
The company is planning to launch its own token TabTrader Token (TTT) on Solanium and AcceleRaytor on December 1.
“We are ready to launch TTT to incentivise trading and accrue value for token holders. By participating in the IDO, users are taking an active part in the project’s development, and can benefit from a limited time offer and an interesting investment opportunity given the scale of growth of the company.”
TabTrader says that the tokens will be used within the platform in the future. Token holders will be able to use them for in-app purchases as well as for transaction fees and governance.
Investor
Based out of Mahé, Seychelles, BitMEX is a P2P crypto-coin trading platform.
Alexander Höptner, CEO of BitMEX says, “BitMEX and TabTrader share a similar mission of transforming the crypto space, and we are thrilled to support TabTrader as they continue to empower their skyrocketing user base.”
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