In a bold and strategic move to help strengthen its regulatory footprint and presence in Europe, trade.io has entered into an agreement to acquire FCA regulated, Primus Capital Markets UK Ltd, which currently holds an IFPRU 125K Matched Principal License.
The company will be rebranded as TIO Markets and will offer the powerful combination of FX trading utilizing crypto assets as base currency. Clients will initially be able to utilize Bitcoin, Ethereum, Litecoin, along with trade.io’s native utility token, TIOx, to access the FX platform. Those using TIOx will be offered substantial commission discounts,tighter spreads and other incentives.
trade.io’s CEO Jim Preissler