Trade Token – World’s First ERC20 Token Accepted by FX/CFD Brokers as Payment

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by Eugenia Kovaliova · 3 min read
Trade Token – World’s First ERC20 Token Accepted by FX/CFD Brokers as Payment
Photo: Trade / Facebook

One of the most secure online trading environments, FXPRIMUS, has become the world’s first trade broker to accept trade.io’s native token TIO as payment.

Next-generation financial platform trade.io has recently announced that its native Trade Token (TIO) will now be available for trading on FXPRIMUS, one of the most secure online trading environments, developped by PRIMUS Group of companies.

FXPRIMUS will be the first trade broker to accept TIO, allowing its clients to directly deposit the token to trade on their accounts. This earliest adoption follows the successful partnership between FXPRIMUS and trade.io in January 2018. Within the collaboration, FXPRIMUS got access to trade.io’s Blockchain Trade Verifier, an innovative tool which brought a new level of trust and transparency in the relationship between customers and financial intermediaries.

Being a well-experienced and award-winning leader in the industry, FXPRIMUS understands an urgent request from the global community for the same TIO functionality as they would experience with Bitcoin. Due to this understanding, the decision to accept TIO as a payment method has been made.

With TIO, the trade.io community, which is affectionately known as Tionauts, now can directly access over 120 instruments such as forex pairs, stocks, indices and commodities. All clients will now be able to enjoy an opportunity to begin trading within a matter of seconds, distributing the seamless integration capability between the two companies, while displaying TIO utility and FXPRIMUS’s focus of safe, simple and efficient trading.

For trade.io, this is a great step forward, as the company looks to bridge traditional finance and emerging blockchain, so that traditional investors could enter the world of cryptocurrency.

According to Jim Preissler, trade.io CEO,  the company is committed to find more value for TIO by bringing utility. The latest offering from FXPRIMUS, now allowing TIO holders to seamlessly participate in CFD and FX trading, is a real achievement. Preissler also noted that this step forward would be followed by the TIO community’s further growth, as TIO would now be exposed to a new asset class:

“We are already in talks with other brokers and non-financial companies which will only expand the TIO community.”

January 2018 was a successful month for trade.io, which raised over $31 million in its crowdfunding event. Now the company continues its hard work on developing a blockchain-based solution for the next-generation financial institution, ensuring the latest transparency and security on a flagship exchange about to be launched. Moreover, trade.io also provides high quality consultancy and angel investment programs to give its community more value.

PRIMUS Group CEO Constantionos Kappai stands positive about the both companies’ future. According to him, FXPRIMUS has always been driven by a goal of providing the safest trading experience available:

“With this new integration, our wish is to extend our stable and secure trading environment into a relatively untapped resource, the crypto world.”

Having a reputation of one of the most secure online trading platforms within the forex industry, FXPRIMUS has received international acclaim for its full-experience trading instruments covering forex, commodities, energies, indices and now, cryptocurrency.

Available on advanced web and mobile platforms, FXPRIMUS features near-instant execution without compromising security and safety, leading to an efficient trading experience. Client fund insurance for up to EUR 2.5 million protects all trader funds, while Boudica Client Trust is the 3rd party overseer of these funds. Traders can purchase TIO on the open market on any of the following cryptocurrency exchanges: OKEX, Bancor, Gate, TIDEX, KuCoin, HiTBTC & IDEX.

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