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TradingView, a provider of financial charts, has raised $298 million in a new funding round led by Tiger Global.
TradingView, a price charting platform used as a reference for cryptocurrency and other asset price movements, has raised $298 million in a funding round to reach a $3 billion valuation.
The funding, led by TradingView’s new investor, Tiger Global, follows a significant increase in the platform’s user base, primarily retail investors, during the pandemic. TradingView experienced a 400 percent increase in new accounts and a 237 percent increase in visitors over the last 18 months, according to the announcement.
TradingView CEO and co-founder Denis Globa highlighted Tiger Global’s expertise in fintech, adding that the partnership would contribute to informed financial trading.
Established in 2011, the platform enables over 30 million monthly users in 180 countries to access price charts of assets such as cryptocurrencies, stocks and futures.
“We built this company with the belief that people everywhere want the same thing: to be in control of their own economic futures,” Globa said, adding, “We work towards this by creating an environment where all traders and investors can look first, then leap.”
TradingView intends to strengthen its broker relationships through partnerships and integrations with major brokerage firms in order to enable visitors to trade directly from the platform, according to the company.
TradingView’s global standing among retail investors, according to Tiger Global’s Alex Cook, positions the company “to be the default social network and financial analysis platform used by all traders and investors.”
Tiger Global, a well-known cryptocurrency investor, recently led another massive funding round. The venture capital firm, in collaboration with Coatue Management, has invested $400 million in the crypto payments startup MoonPay.