MidChains - About the company
MidChains is a series A company based in Abu Dhabi (United Arab Emirates), founded in 2017 by Mohamed Al Hashemi, Basil Al Askari and Chris Ryan. It operates as a Digital asset and securities trading platform. MidChains has raised an undisclosed amount in funding from Mubadala and MIAX Options. The company has 2022 active competitors, including 210 funded and 44 that have exited. Its top competitors include companies like Coinbase, Kraken and N26.
Company Details
MidChains is a platform which facilitates digital asset and securities trading. It provides its services to high-frequency traders, liquidity providers, hedge funds, active asset managers, block traders, and brokerages.
Key Metrics
Founded Year
2017
Location
Abu Dhabi, United Arab Emirates
Stage
Series A
Latest Funding Round
Ranked
205th among 2022 active competitors
Employee Count
21 as on Apr 30, 2026
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MidChains's funding and investors
MidChains has raised funding over 3 rounds. Its first funding round was on Aug 01, 2019. Its latest funding round was a Series A round on Jul 05, 2020 for $*****. 2 investors participated in its latest round. MidChains has 4 institutional investors.
Here is the list of recent funding rounds of MidChains:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 05, 2020 | 4274339 | Series A | 6681874 | 4163189 | 7344508 | 2723989 |
Dec 15, 2019 | 3213532 | Series A | 4291178 | 9088941 | 5647227 | 4413947 |
Aug 01, 2019 | 9986629 | Series A | 8434339 | 4733980 | 9463937 |
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MidChains' founders and board of directors
Founder? Claim ProfileThe founders of MidChains are Mohamed Al Hashemi, Basil Al Askari and Chris Ryan. Basil Al Askari is the CEO of MidChains.
Here are the details of MidChains' key team members:
- Mohamed Al Hashemi: Co-Founder of MidChains. Contact Info: 1 email address
- Basil Al Askari: Co-Founder & CEO of MidChains. Contact Info: 1 email address
- Chris Ryan: Co-Founder of MidChains.
View details of MidChains's Founder profiles and Board Members
MidChains' employee count trend
MidChains has 21 employees as of Apr 26. Here is MidChains's employee count trend over the years:
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MidChains's Competitors and alternates
Top competitors of MidChains include Coinbase, Kraken and N26. Here is the list of Top 10 competitors of MidChains, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Coinbase 2012, San Francisco (United States), Public | Online platform for crypto portfolio | $547M | 89/100 | |
2nd | Kraken 2011, Cheyenne (United States), Series D | Provider of an app-based trading and exchange platform for cryptocurrency | $867M | 86/100 | |
3rd | Provider of mobile banking services, including savings, investment, and crypto | $1.72B | 83/100 | ||
4th | Online trading and exchange platform for cryptocurrency | $331M | 82/100 | ||
5th |  KuCoin 2017, Mahe (Seychelles), Series A | Cryptocurrency exchange and trading platform | $180M | 82/100 | |
6th | Wealthsimple 2014, Toronto (Canada), Series F | Provider of financial services including investing, trading, saving, and borrowing | $1.29B | 77/100 | |
7th |  SwissBorg 2016, Lausanne (Switzerland), Series A | B2B robo advisory and crypto wealth management solution | $27M | 77/100 | |
8th |  CoinList 2017, San Francisco (United States), Series A | App-based trading platform for cryptocurrency | $119M | 77/100 | |
9th | Online trading platform for Bitcoin | $36.6M | 74/100 | ||
10th |  Mercado Bitcoin 2013, Sao Paulo (Brazil), Series B | Online trading platform for cryptocurrency | $238M | 72/100 | |
205th |  MidChains 2017, Abu Dhabi (United Arab Emirates), Series A | Digital asset and securities trading platform | - | 36/100 |
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MidChains's Investments and acquisitions
MidChains has made no investments or acquisitions yet.
Reports related to MidChains
Here is the latest report on MidChains's sector:
News related to MidChains
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Asif Razzaq Joins Dubai’s MidChains as Head of TradingFinance Magnates•Aug 10, 2022•MidChains, Noor Bank
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Miami International Holdings Completes Equity Investment in MidChains' Parent Holding CompanyPR Newswire•Jul 08, 2020•MIAX, MidChains
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Abu Dhabi’s MidChains closes latest funding from Mubadala and ADIOGulf News•Jul 05, 2020•MidChains, Mubadala, Abu Dhabi Investment Office, MIAX and 1 other
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