Swiss Blockchain Company-Trade.io Are Going Short on Cryptocurrencies
Trading is currently available only to 1,000 pre-selected users, but anyone interested can sign up for the waiting list. Swiss blockchain company Trade.io has launched its crypto-to-crypto exchange, making it initially available only to 1,000 pre-selected users.
Members of the general public will get an opportunity to join at a later point. As Trade.io explained in its blog post, “All new registrants will join a waiting list to start trading on a first-come, first-served basis.”
The platform, which was supposed to launch last week, will initially support trading in Bitcoin, Bitcoin Cash, Ether, Litecoin, and Trade.io’s TradeToken (TIO). The company also plans to roll out leveraged crypto products and fiat-to-crypto trading shortly after launch.
Trade.io promises its clients “a user-friendly exchange with a fully customizable widget-based user interface.” Furthermore, any downtime “will be completely eliminated” and the exchange is backed by a $50 million liquidity pool.
“The trade.io Exchange has been designed to give power back to customers by democratizing and disrupting the financial industry. What we are doing here is recapturing revenue and distributing it back to customers. With the help of our team of experts in the FinTech and blockchain sectors, we have created the future of crypto exchange here today,” Trade.io CEO Jim Preissler commented.
Trade.io, a fintech startup based in Switzerland, plans to “revolutionize asset trading and investment banking.” Last December, the company released its proprietary TIO token in an ICO and raised a little over $31 million by the end of January. In addition to the crypto exchange, Trade.io has a consultancy and an investment program, as well as ICO services. It recently teamed up with China’s ViewFin to develop blockchain solutions.
Charles Voltron, CTO of Trade.io, said he was pretty stoked about the launch of the exchange as the company put a lot of effort into the project over the past few months.
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