TradingView, a provider of market charting software, has raised $298 million in a fresh fundraising round headed by Tiger Global. In a financing round worth $298 million, TradingView, the price graphing platform that is used as a guide for the market volatility of cryptocurrency and other commodities, has raised $3 billion, putting the company on the verge of becoming a $3 billion company.
The financing, led by TradingView’s big investor, Tiger Global, comes on the heels of a significant increase in the site’s user base, which is primarily composed of small investors, during the pandemic. TradingView has seen a 400 percent increase in new registrations and a 237 percent increase in traffic over the last 18 months, according to the release.
Denis Globa, TradingView’s CEO, and co-founder emphasized Tiger Global’s fintech knowledge and stated that the alliance would help traders make more educated decisions in the financial markets. The platform, which was launched in 2011, provides access to price movements for assets such as digital currencies, equities, and futures to more than 30 million active monthly users in 180 countries around the world.
TradingView Is Set To Become The Default Reference Site
“We founded this company on the conviction that people all around the world want the same stuff: to be in charge of their financial destinies,” Globa said, indicating that the company is working to achieve this goal by establishing an atmosphere in which all market participants can examine first, and then leap.
TradingView intends to strengthen its broker connections through collaborations and connections with key brokerage firms to allow users to trade straight from the site, according to the company. TraderView’s global reputation amongst individual investors, according to Tiger Global’s Alex Cook, puts the company at the forefront of “becoming the primary networking site and investment appraisal platform utilized by all market participants all around the world.”
Tiger Global, a well-known cryptocurrency investor, just led another massive fundraising round. The venture capital firm, in collaboration with Coatue Management, has invested $400 million in the cryptocurrency payments platform MoonPay.
Crypto-Fintech Initial Financing For Moonpay Expected To Be $3.4B
The Sun reported that MoonPay, a fintech startup focused on establishing blockchain-based systems, will be valued at $3.4 billion after its initial round of venture capital funding. Tiger Global Finance and Coatue Management are leading the $400 million VC fundraising round for the cryptocurrency payments business. The MoonPay platform accepts payments by debit and credit cards, as well as local bank transfers.
While the financing has not been publicized, The Source claims “two persons acquainted with the subject” have verified it. MoonPay will join a select group of crypto-related firms to achieve unicorn status within three years. Tiger Global and Coatue Investment have previously cooperated to invest in mid-sized blockchain, DeFi, and crypto businesses. Their last investment was $24 million in blockchain security company CertiK. MoonPay refused to respond.
From a financial perspective, the blockchain business has grown by 121% in the last five years, according to the Global Startup Ecosystem Assessment 2021. Moreover, crypto businesses obtained more capital in Q1 of 2021 than in the entirety of 2020. Jehan Chu, the founder of Hong Kong-based VC company Kenetic, claimed that “peer influence from people like Michael Saylor, Elon Musk, and the flood of large investors rushing into the market” is more persuasive. Otherwise, they risk losing the greatest potential market in a lifetime.