trade.io Enters MOU to Buy a US Regulated Broker Dealer

Zug Switzerland trade.io has entered into a memorandum of understanding to negotiate the ‎terms for the acquisition of a New York City based broker/dealer.‎

The ‎acquisition of the broker dealer, which currently holds the SEC registration and FINRA membership, will be subject to regulatory approval by the U.S. regulators and other customary terms. ‎

The step marks an important step in the buildup of trade.io’s international ‎presence and paves the way for the company to tap business lines of the ‎acquired broker dealer to operate its contemplated U.S. oriented investment ‎banking services in a regulatory compliant manner.‎

With this important initiative, trade.io demonstrates its commitment to build up and ‎expand its global business, as well as improving the functionality and governance of ‎Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technologies.‎

After the successful completion of its pre-ICO, in which $12 million was ‎raised out of an expected total of $135 million, the disruptive platform swung into ‎action by attracting additional adapters and listing on exchanges. However, trade.io confirms that it wouldn’t use any amounts of the funds it raised through ICO to fund the acquisition deal.‎

Trade.io is a disruptive solution that aims to leverage the full potential of blockchain ‎technology to create a peer-to-peer Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for crypto assets. Furthermore, it plans ‎to subsequently introduce forex and CFDs for precious metals, oil, commodities, indices, ‎global equities and more.‎

Last week, the P2P blockchain startup announced the listing of its TIO tokens on the European cryptocurrency exchange ‎HitBTC‏.‏ The inclusion of the TIO tokens on the exchange reflects the growing demand for the new ‎instrument. On this platform, TIO will be convertible against the pairs Ethereum and Bitcoin‏.‏

Commenting on the news, trade.io CEO Jim Preissler stated:"As the trade.io community ‎and the rest of the blockchain community has realized, we are very aggressive when it ‎comes to preparing to execute on our initiatives. We are simply not waiting for our ICO to ‎be over to start moving, we are and have been making strategic moves for months now‏."‏

He also noted that, "Being ‎able to conduct trade.io's business in the United States in a regulatory compliant manner is ‎critical. The broker/dealer will afford us with tremendous opportunities and unlock many ‎sources of revenue potential‏."‏