Trade.io – the company behind the TIO cryptocurrency – announced today that it is partnering with FXPRIMUS. The partnership will see FXPRIMUS users being able to deposit TIO to their trading accounts.
TIO was launched in October of 2017 by former investment banker Jim Preissler. The Yale graduate created the token as a part of a wider trading platform aimed at investors looking to trade in almost any asset class.
Preissler commented on today’s announcement, stating: “One of our many initiatives is to continue to bring utility to TIO. By offering it as a method of deposit to such an industry leader as FXPRIMUS, will allow TIO Holders to experience the excitement of FX & CFD trading. This development also has the potential to significantly increase the size of the TIO community, as we’re exposing TIO to an entirely different asset class.”
FXPRIMUS already has a level of experience in dealing with cryptocurrencies. The Cyprus-based broker allowed its users to start trading in cryptocurrency contracts-for-differences, including Bitcoin and Ethereum, last September.
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The relationship between FXPRIMUS and Trade.io is not a recent development either. The FX broker has been using one of Trade.io’s blockchain systems since early 2018. Blockchain Trade Verification (BTV) allows retail clients to track trading data and ensure their broker is not tampering with it.
Today’s announcement will enable TIO holders to deposit the cryptocurrency into their FXPRIMUS accounts and start trading. They can use it to trade in FX, commodities, and stocks.
Constantinos Kappai, CEO of PRIMUS group, the owner of FXPRIMUS, commented on the development, saying: “Our motto and driving force at FXPRIMUS has always been to provide one of the safest trading environments for traders worldwide. With this new integration, our wish is to extend our stable and secure trading environment into a relatively untapped resource, the crypto world.”