Currensee hits 1 million trades just six months after launch

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Currensee, a social network for foreign exchange traders, today announced its one millionth trade just six months after it’s initial launch. The company now claims close to 5,000 registered members across 80 countries with 100 platform supported brokers. Probably most impressive thought it that its total trading volume has reached more than $30 billion.

Currensee considers itself a social network for traders to share and collaborate around daily trading activities. The company has a host of trading tools to help make informed trade decisions, including RSS feeds, instant messaging, Facebook widgets and most recently a trader leader-board – which ranks based on performance.

In February, Currensee closed a second round of funding for $8 million from led by North Bridge Venture Partners and included Egan Managed Capital .  In April, the company notes receiving additional funding for its second round from Vernon & Park Capital LP for $800,000. That brings its total funding to $12.8 million.

StockTwits may be considered Currensee’s most direct competitor. The service previously only aggregated stock-related tweets from Twitter. Today, the site has upgraded aggregating both from Twitter and individual site users, creating more of social network.

Cofounder and CEO of StockTwits Howard Lindzon was reluctant to share any of his company’s growth numbers but did state that it has around 100,000 active members today.


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