Every trader and investor has used TradingView, and the platform’s rising popularity is why the platform achieved a valuation of 3 billion USD. Tiger Global led the newest funding round for the currency, wherein the company secure almost 300 million USD, i.e., 298 million USD to be exact.
The strong growth of the platform was registered mostly during the pandemic, wherein increased interest in retail investors was witnessed. The platform shows pricing charts and helps the integration of many technical indicators in the charts.
In the last one-and-a-half years, TradingView was able to secure as much as 400% surged in new accounts. This was the period when the Covid-19 pandemic was at its peak. Meanwhile, a 237% surge was seen in the number of people vising the website.
TradingView and Tiger Global’s partnership
TradingView’s CEO and co-founder Denis Globa made a statement thanking Tiger Glober for reading the investment round and mentioned the firm’s expertise in the world of fintech. The CEO further stated that this partnership would help people make sound financial trades in the world of crypto, Forex, or stocks.
“We work towards this by creating an environment where all traders and investors can look first, then leap,” Denis said.
What’s next for the firm
According to the CEO, TradingView will try to enhance its partnerships and welcome new brokerage firms for collaborations in order to integrate certain APIs that would allow the investors to trade their assets from the platform directly.
The CEO of Tiger Global is also excited after this new funding round and stated TradingView “to be the default social network and financial analysis platform used by all traders and investors.”
This major compliment for the CEO puts TradingView into the limelight that it currently experiences. Tiger Global has been investing in crypto-based firms a lot lately. Partnering with Coatue Management, Tiger Global also invested around $400 million into a crypto payments firm named MoonPay.
Read also in depth TradingView review what we have published since 2019 and keeping it up to date with all major updates.