Reporting on their Q3 performance, binary options provider Tradologic announced a strong performance for the just completed quarter. According to the firm, revenues grew 30% during Q3 on a year over year basis. The firm also reported that active brands grew 50% to 250 during the quarter, with 40 newly signed partnerships in the Q3 period.
Among the new partnerships, Tradologic stated that 20 of them were with Asian operators. According to the firm, Asia is a key area for their expansion plans.
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Overall, Tradologic has arguably been the most public of binary option providers during 2015, having sponsored numerous events in the gaming, affiliates and forex/binary options niches. As part of that multi-sector approach, the firm has released various products such as slot machine-like binary options games along with their traditional end to end binary options broker solution.
Commenting on the quarter, Slavena Savcheva, Head of Sales and Marketing, said in the firm’s public statement: “Tradologic delivered another good quarter, which strengthens our continued progress. In September, we announced an agreement with Betconstruct, an addition that significantly enhances Tradologic’s business.”