We’re Launching TIO Markets

trade.io to acquire FCA Regulated FX Firm

Nov 8, 2018 · 2 min read

As trade.io goes from strength to strength, we’re happy to announce a strategic move to bolster our regulatory position and presence in Europe. We have entered into an agreement to acquire FCA-regulated Primus Capital Markets UK Ltd, which currently holds an IFPRU 125K Matched Principal License.

Primus Capital Markets will be rebranded TIO Markets and will become the first company to offer FX trading using crypto assets as base currency for deposits and withdrawals. Initially, clients will be able to deposit and withdraw using Bitcoin, Ethereum, Litecoin, and of course TIOx (our own native utility token) to access the FX platform. Those using TIOx will be offered substantial commission discounts, tighter spreads and other incentives.

Chief Strategy Officer, Mohan Singh, talks TIO Markets

Our CEO, Jim Preissler, was typically punchy about the need to embrace a higher degree of regulation:

“The acquisition of Primus Capital Markets will allow the company the opportunity to aggressively expand into the UK and the European region. At the same time, with an FCA regulated business, it provides management the opportunity to display to our clients we are striving for a higher standard and welcoming regulation instead of avoiding it.

There are many similarities to crypto and FX trading, and by marrying the two and offering it under one of the most respected regulatory regimes in the world, it makes for the perfect acquisition.”

Damian McDowell, Managing Director of Primus Capital Markets who also serves as Director at trade.io, had this to say:

“My staff and I are very excited about this acquisition. The team at Primus Capital Markets has extensive experience in the FX industry and has built a significant database of traders that will benefit from this relationship. trade.io is becoming a major player in the crypto space, and our clients will be extremely impressed with the Forbes CryptoMarkets partnership and other value adds they have in the pipeline. This was a natural fit for both firms, respectively.”

Further details of TIO Markets, the FX platform and offering will be shared closer to launch, which we’re expecting during Q4, 2018.

Liquidity Pool grows stronger

As we continue to expand trade.io’s services, products and client-base, our industry leading liquidity pool becomes an ever more attractive offering for our clients. A portion of revenue from TIO Markets will be allocated to the liquidity pool, adding yet another source to the facility that lets clients participate in the success of the group.

If you haven’t already done so, you can join the Liquidity Pool by signing up to trade.io Exchange.

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