The TradingView platform, a popular tool for modern cryptocurrency analysts and investors, has raised $298 million in a fresh investment round.
TradingView was created in 2011 by three business people from London: Konstantin Ivanov, Stanislav Bokov, and Denis Globa. During its ten years of existence, they were able to make the site popular around the world and attract over $338 million in investments. As a result, in 2018, the business completed a $37 million Series B financing round.
Over the last 18 months, the number of TradingView visitors has increased by 237 percent. The major reason for this, according to the authors, is the quick increase in the number of investors as a result of the pandemic’s onset. Overall, as a result of COVID-19 and the rise in the rates of the most popular cryptocurrencies, the number of startups providing various services to individual investors has increased significantly, as has the amount of money invested by institutions. As a result, according to CEO Pierce Crosby, the platform’s monthly active users have surpassed 29 million.
TradingView was valued at $3 billion in the current round of investment sponsored by Tiger Global Management. While the board of TradingView chose not to reveal financial information, they did state that the firm is profitable.