trade.io Announces Crypto Exchange Launch Date

The CEO of the blockchain-powered financial institution trade.io, Jim Preissler, announced Sunday that the company’s flagship exchange will be launched on July 17, 2018. The announcement was made at the trade.io-sponsored Bloomberg event “The Future of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term” in London.

The exchange will allow traders to complete transactions with trade.io’s cryptocurrency, the Trade Token (TIO), across forex, commodities, precious metals and cryptocurrencies.

Initially, only 1,000 people will be able to use the exchange in its BETA version. Traders can register to use the exchange now and the selected investors will be emailed days before it goes live.

Preissler said: “We are thrilled to announce the launch of our trade.io Exchange. The community has been eagerly waiting, so it gives me great pleasure to announce that we will finally launch on 17th July. It will be a staggered launch to 1,000 people initially, with future clients to be on-boarded in the days to follow."

"Following the BETA version of our Exchange where select members tested the platform, we are confident that we will satisfy the specifications stipulated to us by our community, and look forward to sharing in the successes of our upcoming official Exchange.”

Security concerns

In the lead-up to the launch on Wednesday, the company also announced a range of new security measures to protect the exchange from would-be hackers.

Some of the measures implemented include multi-layered protection for users, requiring several layers of authentication when signing into the platform, extensive risk assessments, penetration tests and bank-level security monitoring systems.

On Wednesday, trade.io’s Head of Security, Ari Propper, said in a statement: “We are using innovative industry-leading technologies to detect, protect and respond quickly to cyber events."

"We have a team of experts with vast knowledge and experience in the cybersecurity field as well as deep and strong connections in the industry that allows us to consult, review and test relevancy of cybersecurity technologies continuously. We are treating cyber defence as an ongoing process and integrating it in all of the development and business activities.”

The company is also in the process of launching its Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pool. Trade.io will pay out interest to token holders on a daily basis from this pool, with the amount varying according to many variables.