Cryptocurrency trading mobile app TabTrader announced today it closed a $5.8 million Series A round led by BitMEX Ventures. Also participating in the round were Hashkey Capital, Spartan Capital, SGH Capital, SOSV, and Artesian Venture Partners.
Based in Amsterdam, TabTrader said it has more than 400,000 active users and plans to expand its 20-person team and focus on global expansion, including aggregation of decentralized crypto exchanges. The process begins with Solana-based Serum, Raydium, and Orca.
“TabTrader revolutionizes the entire crypto trading experience by enabling traders to manage all of their exchange accounts through a unified interface,” BitMEX CEO Alexander Höptner said. “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 app lets users connect multiple exchanges and execute trades within a single app, in place of multiple browser tabs or multiple exchange apps. It supports more than 30 exchanges such Binance, FTX, Huobi, Kraken and BitMEX with more than 12,000 instruments to monitor a portfolio, trade, or do chart analysis.
“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 complimentary web-based version of the service, the integration of more decentralized exchanges, and the addition of asset classes such as FX markets.”
The app has a rating of 4.7 on the Apple App Store (52,000-plus ratings) and a rating of 4.5 on the Google Play Store (55,000-plus ratings).
“Cryptocurrencies are the quintessential cross-border financial instruments, and TabTrader’s approach to exchange aggregation on mobile took accessibility to the next level,” said Wiliam Bao Bean, general partner at SOSV. “We are very proud to have been supporting TabTrader from its earliest days.”
TabTrader is also launching its own token on Dec. 1. TTT drops on Solanium and AcceleRaytor.
“We are ready to launch TTT to incentivize trading and accrue value for token holders,” TabTrader said in a statement on its blog. “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. 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.
The airdrop is scheduled for 0:00 UTC Dec. 1.