Crypto trading exchange TabTrader raises $5.8m
Cryptocurrency exchange TabTrader has raised $5.8m in Series A financing
Crypto trading aggregation platform TabTrader has raised $5.8m in a Series A funding round that was led by BitMEX Ventures joined by Hashkey Capital, Spartan Capital, SGH Capital, SOSV and Artesian Venture Partners.
With the fresh capital, the trading platform aspires to build the "ultimate trading terminal", utilising high-speed data updates, a unified interface and multiple exchange access, according to a company announcement.
Amsterdam-based TabTrader, which currently has more than 400,000 active users, will use the capital to accelerate its decentralised exchanges as well as grow its asset classes such as FX markets.
The start-up will also launch its own TabTrader Token to incentivise trading and accrue value for token holders, as part of its mission to make investing easy and accessible for anyone using a smartphone.
“We started on mobile because our mission is to allow everyone in the world to invest,” said Kirill Suslov, co-founder and CEO of TabTrader.
“Future developments will include a complementary web-based version of the service, the integration of more decentralised exchanges, and the addition of asset classes such as FX markets.”
Alexander Höptner, CEO of BitMEX, added: “TabTrader revolutionises the entire crypto trading experience by enabling traders to manage all of their exchange accounts through a unified interface. 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.”