Trade.io Launches Crypto Exchange Backed by $50 Million Liquidity Pool
Trade.io (TIO), a blockchain-based financial trading platform, announced this week that it has officially launched its crypto-to-crypto exchange with five initial assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and TradeToken (TIO).
— TIOprime (@TIOprimePool) July 24, 2018
Trade.io’s platform boasts a unique liquidity sharing system where TIO holders can contribute a selected amount of the assets contained within their wallets to a shared, P2P liquidity pool in return for 50% of the daily revenues generated by trade.io. To kickstart this liquidity system, trade.io has seeded the pool with approximately $50 million cash.
According to previous reports, trade.io aims to eventually list more than 200 cryptocurrency and other assets available on the platform. This is part of trade.io’s plan to offer Forex and derivative trading options for precious metals, oil, commodities, indices and global equities.
Trade.io eventually plans to assist companies in becoming “tokenized” or listing on the trade.io platform. Trade.io has already partnered with a number of early adopters who are committed to utilizing their technologies or intend to ICO/IPO on the trade.io exchange.
In a statement accompanying the announcement, trade.io’s CEO Jim Preissler emphasizes his optimism for the future of the trade.io platform and the industry as a whole.
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.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.