TradingView, the price mapping platform used as a benchmark for the price movements of cryptocurrencies and other assets, raised $ 298 million in a funding round to reach a valuation of $ 3 billion.
Led by TradingView’s new investor Tiger Global, the funding follows strong growth in the platform’s user base, primarily retail investors, during the pandemic. According to the announcement, TradingView has seen a 400% increase in new accounts and a 237% increase in visitors over the past 18 months.
TradingView CEO and co-founder Denis Globa highlighted Tiger Global’s expertise in financial technology, adding that the partnership would contribute to informed financial trading.
Established in 2011, the platform allows more than 30 million monthly users in 180 countries to access the price charts of assets such as cryptocurrencies, stocks and futures.
“We have built this business with the belief that people all over the world want the same thing: to be in control of their own economic future,” said Globa, adding: “We are working in this direction by creating an environment where all traders and investors may look first, so jump.
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The company said TradingView aims to strengthen its brokerage relationships with partnerships and integrations with large brokerage firms with the aim of allowing visitors to trade directly from the platform.
Alex Cook of Tiger Global said that TradingView’s global position among retail investors positions the company “as the default social network and financial analysis platform used by all traders and investors.”
A well-known crypto investor, Tiger Global recently led another mega-fundraiser. In collaboration with Coatue Management, the venture capitalist invested $ 400 million in crypto payments startup MoonPay.