TabTrader Raises $5.8M to Aggregate Crypto Exchange Data

Cryptocurrency Price Aggregation and the Rise of TabTrader

With leading cryptocurrencies exhibiting a period of relative stability near their peak valuations, investors seeking opportunities in more dynamic tokens are actively searching for favorable conditions across various exchanges.

TabTrader, a startup headquartered in Amsterdam, is effectively addressing this demand with a platform designed to consolidate pricing and token availability data from numerous exchanges.

Mobile-First Approach to Cross-Exchange Trading

While several platforms offer cross-exchange token price comparisons, many prioritize desktop users. TabTrader, however, has focused on developing a robust mobile application for both iOS and Android devices, establishing a significant user base.

The increasing trend of traders registering accounts on multiple exchanges and monitoring prices through diverse applications, coupled with customized alerts, has fueled TabTrader’s growth.

Cross-Exchange Price Alerts and Reliability

A key feature driving user adoption is TabTrader’s cross-exchange price alert system. This functionality notifies users when a specific token reaches a predetermined price threshold.

Although many exchanges provide similar alert features within their own apps, the dependability and customization options of these notifications are often inconsistent.

User Base and Revenue Model

According to CEO Kirill Suslov, the TabTrader application currently boasts over 400,000 active users, with a particularly strong presence in Europe and Asia.

The company operates on a model similar to Kayak, aggregating token prices and earning rebate fees from exchanges when users execute trades through the application.

Important Note: TabTrader does not access user funds; users connect their existing wallet information to facilitate purchases through linked exchanges.

In addition to these rebates, TabTrader generates revenue through a $12 monthly subscription for a premium version and through advertising.

Suslov notes that his team of 20 has achieved their current reach without relying on paid marketing initiatives.

Expanding into Decentralized Exchanges

Despite the widespread adoption of centralized exchanges like Coinbase and Binance, Suslov believes TabTrader’s greatest potential lies in integrating so-called decentralized exchanges, such as Uniswap.

These decentralized platforms enable peer-to-peer token exchange.

Streamlining the Decentralized Exchange Experience

Suslov explains that while the underlying technology of decentralized exchanges is advanced, their user interfaces can be challenging to navigate.

This presents an opportunity for an aggregator like TabTrader to simplify the user experience and introduce new users to the benefits of decentralized exchanges.

The company is initially focusing on Solana-based exchanges, including Serum, Raydium, and Orca.

“Decentralized exchanges are the most discussed topic of 2021,” Suslov states. “We secured funding to capitalize on this rapidly growing market.”

Series A Funding

TabTrader has successfully raised $5.8 million in Series A funding from investors including 100X Ventures, Hashkey Capital, Spartan Capital, SGH Capital, SOSV, and Artesian Venture Partners.