TradingView, a price charting platform that benchmarks the price movements of cryptocurrencies and other assets, has raised $298 million in a funding round, valuing the company at $3 billion.
The money, led by TradingView’s new investor, Tiger Global, comes after the platform’s user base, which is largely retail investors, grew rapidly during the pandemic.
In the last 18 months, TradingView has seen a 400 percent growth in new accounts and a 237 percent increase in visitors, according to the release.
TradingView CEO and co-founder Denis Globa highlighted Tiger Global’s expertise in fintech, adding that the partnership would contribute to informed financial trading.
The platform, which was launched in 2011, allows over 30 million monthly users in 180 countries to view price charts for assets like cryptocurrencies, stocks, and futures.
“We developed this company on the notion that everyone wants to be in charge of their own economic futures,” Globa stated, adding, “We work towards this by establishing an atmosphere where all traders and investors can look first, then leap.”
TradingView plans to strengthen its broker relationships through partnerships and integrations with key brokerage firms, allowing visitors to trade straight from the platform, according to the company.
Tiger Global’s Alex Cook said that TradingView’s global standing among retail investors positions the company “to be the default social network and financial analysis platform used by all traders and investors.”
Tiger Global, a well-known crypto investor, just led another massive funding round. The venture capital firm has invested $400 million in the crypto payments startup MoonPay with Coatue Management.