HONG KONG, November 9, 2018 / PRNewswire / – The company trade.io takes a bold strategic step in order to expand its presence in Europe and increase the degree of integration into its regulatory and legal field by concluding an agreement on the acquisition of Primus Capital Markets UK Ltd, whose activities governed by the Financial Conduct Authority of the United Kingdom (FCA) and which currently holds an IFPRU 125K license granting the right to perform brokerage activities as a principal (Matched Principal License).
This company, which is scheduled to be renamed TIO Markets, will provide services for forex trading using cryptoactive assets as the base currency. Initially, customers can use Bitcoin, Ethereum, Lightcoin, as well as an internal service token of the company trade.io called TIOx to work on this forex platform. TIOx customers will be offered substantial discounts on commissions, narrower spreads and other incentives.
Jim Preisler, head of trade.io, commented on the upcoming event as follows: “The acquisition of Primus Capital Markets will give our company the opportunity to actively expand its presence in the UK and Europe as a whole. Due to the fact that the activity of the acquired company is regulated by FCA, it will also allow management to demonstrate to our clients that we are striving to raise the standards of our work and are pleased with the regulatory framework for our business, rather than trying to avoid it. ”
Mr. Preisler also states: “Crypto and forex trading are very similar to each other, and combining these two activities with the provision of relevant services based on one of the most authoritative legal and regulatory frameworks in the world makes this acquisition ideal.”
Damian McDowell, CEO of Primus Capital Market, who is also one of the directors of trade.io, also expressed his attitude towards this event: “I and the employees of my company have high hopes for this acquisition. The specialists of Primus Capital Markets have extensive experience in the forex sector and have formed a substantial database of traders who will also receive certain benefits as a result of such cooperation.
The company trade.io becomes one of the largest players in the cryptocurrency sphere, and our customers will be
Sourced from TASS.ru and machine translated for your benefit