Cryptocurrency Trading mobile application TabTrader secured $5.8 Million funding

TabTrader, an Amsterdam based cryptocurrency trading mobile application, has now secured $5.8 million in a Series A funding round.

TabTrader was founded by Kirill Suslov. Crypto trading application allows different users to connect with the multiple exchanges and execute trades within a single app, in place of multiple browser tabs or multiple exchange apps. The crypto trading app supports more than 34 exchanges which include the Kraken, FTX, Binance, BitMex etc, with around 12000 instruments to monitor a portfolio, do chart analysis or trade.

Alexander Höptner, CEO of BitMEX, said, "TabTrader revolutionises the entire crypto trading experience by enabling traders to manage all of their exchange accounts through a unified interface. BitMEX and TabTrader share a similar mission of transforming the crypto space, and we are thrilled to support TabTrader as they continue to empower their skyrocketing user base."

Kirill Suslov, co-founder and CEO of TabTrader, said, "We started on mobile because our mission is to allow everyone in the world to invest. Future developments will include complementary web-based version of the service, the integration of more decentralised exchanges, and the addition of asset classes such as FX markets." 

BitMex Ventures led the funding round,. Other participating investors include SGH Capital, Spartan Capital, Hashkey Capital, Artesian Venture Partners, and SOSV.

The crypto startup, as of now, has plans to use the new funds to expand its 20-person team and focus on global growth. TabTrader in an announcement noted the expansion plan which includes the aggregation of decentralized crypto exchanges, starting with Solana-based Raydium, Serum, and Orca.