MTHub is a Russian cryptocurrency startup launched in 2021. The company is developing a platform for "providing professional solutions in the field of cryptocurrency trading." We are talking about access to the largest crypto exchanges with different options for their aggregation. As explained in the company, "many Russian-speaking traders face the problem of restrictions and closing accounts, we solve it." On the platform, you can use any trading strategies, automate trading.
History
2022
Raising $250,000 and an estimate of $5 million
In mid-November 2022, it became known about investing $250 thousand in MTHUB. Dmitry Sutormin, co-founder of the YellowRockets foundation, invested in the Russian crypto broker, among other things. The names of other investors were not disclosed.
The startup at the end of the round received a valuation of $5 million. The MTHUB team will direct the funds received to the implementation of new infrastructure solutions that will allow the company to become more independent from suppliers of trading terminals and liquidity providers, MTHUB said.
MTHUB offers access to trading and investments of various classes of assets without markup according to the subscription model. Subscription payment is carried out by the utility token of the same name. The startup's focus is on emerging market customers. For investors, a system has been organized for copying signals from successful traders in all available markets, from raw materials to cryptocurrencies.
Trading servers are located in the Equinix data center, which is used by the largest financial institutions in the world, such as Nasdaq, City Group, etc., which allows you to ensure uninterrupted operation from 50,000 transactions/s and high speed of trading operations.
As noted in the startup, MTHUB trading platforms allow tens of times to reduce the cost of creating or acquiring a trading robot for the cryptocurrency market, and also enable traders to perform in-depth technical analysis of tools in the same trading window where all trading operations are performed.
A functional API is provided that is suitable for integration with projects such as wallets, exchanges and payment gateways.
Raising $150,000 investments
At the end of May 2022, it became known about the investment of $150 thousand in MTHub. Kazan businessman Gleb Yadrintsev invested in the startup, who received 10% in the project. The MTHub team intends to spend the funds on expanding the product line and updating the technical infrastructure. As a result of the investment deal, the cryptocurrency startup was valued at $1.5 million.
The investment in MTHub was announced by the Russian Venture Telegram channel. According to him, the startup was launched with an eye to the CIS market with the possibility of further scaling up activities in emerging markets. The company plans to actively develop in the markets of Indonesia and India by May 2022.
Customers are expected to be able to take advantage of a service of more than 400 popular tools in June 2022. The company's plans include a phased expansion of the line to 400 thousand tools by the end of 2022.
As noted in MTHub, the service aggregates the cryptocurrency liquidity of the largest exchanges and offers customers trading within a single trading platform. The company's main focus is on emerging market customers. According to MTHub CEO Maxim Pouillet, the official launch and international expansion are scheduled for the third quarter of 2022.
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