Cryptocurrency trading mobile app TabTrader disclosed that it has finalized a $5.8M Series A round. The $5.8 million series A round-headed by BitMEX Ventures and affiliated Hashkey Capital, Spartan Capital, SGH Capital, SOSV, and Artesian Venture Partners. TabTrader has completely changed the entire crypto trading experience by allowing traders to cope with all of their exchange accounts through a unified interface.
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BitMEX and TabTrader both have a common mission of revolutionizing the crypto space. BitMEX is happy to back TabTrader as they continue to authorize their rapidly increases user base. Currently, TabTrader has more than 400,000 active users. Moreover, it is intending to grow its 20-person team and focus on global expansion. It includes an accumulation of decentralized crypto exchanges, starting with Solana-based Serum, Raydium, and Orca.
Furthermore, the startup has embraced a Kayak-like model, aggregating prices for tokens, and picking up refund fees from exchanges when users buy through the app. While users entered their wallet info into the app to easily make buying through connected exchanges. TabTrader also makes money through a $12 monthly subscription for a paid version, as well as promotion.
Additionally, the biggest opportunity for TabTrader is to adopt decentralized exchanges like Uniswap, which enables users to quickly exchange tokens with other users. TabTrader provides users the power to connect multiple exchanges and complete trades within a single app, in place of multiple browser tabs or multiple exchange apps. The application back more than 34 exchanges with more than 12,000 instruments to check a portfolio, trade, or do chart analysis.