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tanX

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The best onchain spot trading crypto exchange

Bengaluru, IndiaFounded 2021Fintech
Valuation $100–500M Latest valuation · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About tanX

Brine operates as a decentralized exchange (DEX) in the cryptocurrency market, providing a platform for users to trade digital assets without the need for a central authority or intermediary. The company serves individual traders and investors who seek a secure and efficient way to trade cryptocurrencies. Brine's business model revolves around facilitating transactions on its platform, earning revenue through trading fees and other value-added services. The platform boasts several innovative features, including zero gas fees, a high-speed matching engine for instantaneous trading, and the use of zero-knowledge proofs (ZKPs) to ensure transaction confidentiality and security. Brine addresses common challenges in the DEX space, such as liquidity issues and user experience, by offering a robust tech stack that integrates both off-chain and on-chain components. This dual approach allows for efficient transaction processing and enhanced privacy. The company aims to empower users by providing a decentralized trading environment that eliminates unnecessary information sharing and shortens transaction chains.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Bengaluru, India
Employees
27
Open positions
None listed
Dealroom signal
71.8/100
Industry
Fintech
Sub-industry
Crypto and DeFi
Sector
Fintech, Crypto Exchange, Defi, Crypto and Web3
Technology
Blockchain
Client focus
b2b

Latest news

Press, funding announcements and product moves mentioning tanX.

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AEquity / VC Sep 2023 $17M $100M Goodwater Capital · StarkWare Industries · Upsparks VC · The Spartan Group
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Growth signals

tanX website traffic

Latest recorded traffic for tanX is 2.7K monthly website visits, up 35% over the last three months. tanX's team grew 3.8% over the past year.

Latest monthly visits2.7K 3-month web change+35% 1-year team growth+3.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇮🇳 India · Bengaluru HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about tanX on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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