TabTrader, a cryptocurrency startup based in Amsterdam, raised $5.7 million in Series A funding to combine exchange aggregation with advanced trading features into a mobile platform.
The funding round was led by BitMEX Ventures, with participation from Hashkey Capital, Spartan Capital, SGH Capital, SOSV, and Artesian Venture Partners. The capital brings the total funding raised by the startup to $7.4 million, which will allow the startup to focus on its global expansion. Wiliam Bao Bean, General Partner at SOSV, referred to the founding round by stating:
“Cryptocurrencies are the quintessential cross-border financial instruments, and TabTrader’s approach to exchange aggregation on mobile took accessibility to the next level. We are very proud to have been supporting TabTrader from its earliest days.”
TabTrader developed the mobile platform by the same name with the mission to revolutionize how mobile users could interact with the crypto market by providing them with access to multiple exchanges and advanced trading tools. The support for over 34 exchanges and 12k instruments has allowed the platform to attract more than 400k active users at a time when cryptocurrency is more popular than ever. Alexander Höptner, CEO of BitMEX, referred to the platform by stating:
“TabTrader revolutionizess 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.”
The total market capitalization of the cryptocurrency ecosystem reached an all-time high earlier in November when it surpassed the $3 trillion mark, according to CoinGecko. TabTrader aims to become a major player in the crypto world by creating new ways for users to invest their money, helping the whole crypto market to gain adoption by making the entirety of the ecosystem more accessible.