TradingView sees UK memberships grow 442% during pandemic
Investment website TradingView has today reported a 442% increase in UK memberships since the start of the pandemic.
Largely driven by lockdowns, the numbers appear to be fuelled by a huge influx of ‘Gen-Z traders’, and non-professional retail traders, who are forecast to spend $1 trillion on stocks, shares and crypto by the end of this year. Analysts say interest in stocks and cryptocurrency has grown massively over the last 18 months.
The announcement follows a $298 million investment round led by Tiger Global in October 2021, which took the company’s valuation to $3 billion.
TradingView now has 30 million unique monthly users throughout world.
James Maddison – Chief Vision Officer for TradingView – suggested the record-breaking growth was born out of a new market force.
“TradingView was created with the belief that educated participation in global markets is the best means of increasing individual financial wellbeing,” he said.
“Our scale, community and usage in the UK and worldwide is now at record levels, with people in nearly every city, town and village in virtually every country in the world using TradingView.
“It’s clear from our sustained growth that the revolution is happening – one where the everyday person no longer wants just a company’s products, but also a share of its profits too. We’re witnessing a new market force with unparalleled potential to change the nature of our economies and societies over the next decade and beyond.”