Multi-regulated FX broker TIOmarkets today announced fresh updates intended to make purchases of its tokens more accessible. The company is launching the ‘Purchase TIOx button’, which it says would help lower the barriers of entry to clientele wishing to invest in an FX broker during times of inherent volatility.
TIOmarkets Ltd says the Trade Token (TIOx) is now available to purchase via its subsidiary TIOprime. Users who sign up can earn daily interest returns according to the success of TIOmarkets that day. So far, TIOprime Pool has returned $500,000 to investors since the pool commenced operations in 2018.
Members of TIOprime can browse statistics, as well as graphs and other widgets highlighting the performance of both TIOprime Pool and TIOmarkets. The company has also made data relating to the performance of the brokerage, publicly available for TIOprime members, in order to monitor and evaluate their ongoing investment.
“By registering for an account with www.TIOprime.com, KYC-verified users can access the “Purchase TIOx” button, and will be able to purchase the ERC-20 based crypto token using mainstream financial payment methods including credit card, bank wire and e-wallet,” the company said.
FX trading using crypto assets
To help strengthen its regulatory footprint and presence in Europe, entered into an agreement to acquire , which is authorized by the UK financial regulator and offers brokerage services to professional investors. Primus Capital Markets then rebranded as TIO Markets and now is offering FX monthly subscription packages as a replacement for ad hoc trading fees and broker commissions.
The forex product by trade.io was . At its initial stage in December 2018, Trade.io introduced trading on 130 forex and CFDs instruments, including precious metals, oil, commodities, indices, and global equities. At this stage, clients were allowed to open their accounts through its St. Vincent and Grenadines entity ــ TIO Markets Ltd.
Meanwhile, the second stage brought an added option for clients to open their accounts with its FCA-regulated arm TIO Markets UK Ltd., depending on their geographic location.
“We’ve seen unprecedented behaviour in the global financial markets for obvious reasons, in recent months. By making our native token, the TIOx, more accessible to non-crypto savvy investors, we are lowering the barriers of entry to anybody wishing to invest in our brokerage, which has been on an upward trajectory since its launch last year. Where FX trading might not be for everybody, the possibility to buy and hold TIOx, or to buy and invest TIOx offers a practical and secure avenue through which any investor can diversify,” said , CEO of TIOmarkets Ltd.
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