Just a few days after successfully completing its pre-ICO stage, blockchain startup Trade.io’s streak continues with the listing of its TIO tokens on the European cryptocurrency exchange HitBTC.
The inclusion of the TIO tokens on the exchange reflects the growing demand for the new instrument. On this platform, TIO will be convertible against the pairs Ethereum and Bitcoin.
Although more than 4,000 backers participated in the startup’s pre-ICO, the move will give those who did not participate an avenue for purchasing the tokens. Those who purchased tokens during the early funding stage now have the chance to cash in on their investment or hold on to their tokens in anticipation of increased demand.
Since its launch in 2014, HitBTC has quickly evolved to become one of the largest cryptocurrency exchanges with its daily turnover now exceeding more than $500 million. The exchange accepts deposits in more than two dozen currencies, including leading digital and fiat currencies.
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Trade.io, meanwhile, has quickly built its own reputation as a visionary in crypto investing. After the successful completion of its pre-ICO, in which $11.3 million was raised out of an expected total of $135 million, the disruptive platform swung into action by attracting additional adapters and listing on exchanges. The underlying ICO is due to begin on December 5th.
Trade.io is a disruptive solution that aims to leverage the full potential of blockchain technology to create a peer-to-peer trading platform for crypto assets. Furthermore, it plans to subsequently introduce forex and CFDs for precious metals, oil, commodities, indices, global equities and more.
Commenting on the news, trade.io CEO Jim Preissler said: “trade.io pledged at a very early stage to Trade Token holders to be listed on a major exchange within 30 days following the ICO. To have the ability to announce a listing on such a respected exchange like HitBTC even before the start of ICO, is very gratifying. We owe all of our success thus far to our amazing trade.io community and am happy to be able to provide this news to them.”
HitBTC CPO Paul Clarkson added: “It’s no secret that HitBTC is extremely selective in the tokens & coins we list. We have strict criteria and require an extensive amount of due diligence prior to extending an offer. trade.io has proven to be a trusted partner and we are pleased to list TIO, and start a long-term relationship.”
Disclaimer: Michael Greenberg, Finance Magnates founder and CEO, is an adviser to Trade.io.