Founded in September, trade.io has its sights set on disrupting the existing financial status quo. Its objective is to launch a peer-to-peer blockchain trading platform, which will save money for investors and companies by substantially lowering both the costs and barriers required to go public. Overall, trade.io intends to lower the upfront listing costs by over 80 per cent below traditional models, according to a statement.
trade.io is not only crypto-assets but also foreign exchange currencies and CFDs over precious metals, oils or commodities. Ultimately, the goal is to build out of the platform an investment bank and expand compliance and operations.
Peer-to-peer participants will be able to purchase TradeTokens or TIOs to share in the profits of the exchange. The pre-Initial Coin Offering (ICO) will be held between 7 and 21 November.
FXPRIMUS and Primus Capital Markets UK Ltd. have been selected as early adopters of the forthcoming platform and technologies, making them one of the few regulated brokers to potentially adopt blockchain-based systems.
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