EZTrader Acquires 20% of WinnerOption in Exchange for Social Trading Tech

At the end of October, EZTD Ltd, which is listed on OTC Markets, and is the company that owns binary options brokerage EZTrader, has acquired a stake in WinnerOption. The regulatory filing which was posted on the website of the Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission reveals that the CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term regulated brokerage has acquired the asset in exchange for social gaming technology.

In addition to the technology, the parent company of EZTrader also paid $276,000 to purchase about 19.99 percent of the Israeli company WinnerOption. The latter then gained access to social gaming technology. The stake of EZTD in WinnerOption is estimated to have total value of about $1,000,000, therefore putting a price tag on the whole company at $5,000,000.

WinnerOption is a company that is majority owned by the CEO of EZTD, Shimon Citron. Finance Magnates reached out to the top executive at the company for a comment, however at the time of publication no official response has been provided.

The deal comes at a tough time for binary options brokerages. Several companies have laid off staff in recent months after regulatory pressures from the Cyprus Securities and Exchange Commission (CySEC) have increased materially. After a large portion of OptionRally's staff was let go, last week Finance Magnates broke the news about another CySEC regulated brokerage OptionWeb cutting down operational costs.