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tanX

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The best onchain spot trading crypto exchange

Bengaluru, IndiaFounded 2021Fintech

Valuation $100–250M Last recorded · 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.

MoreLess 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
Links: Website LinkedIn X

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / 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%

Monthly website visitsJul 2023–Jul 2026

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