IQ Option forgoes an ICO, choosing instead to fund a decentralised exchange.
IQ Option is setting its sights on a brand new project. After teasing us earlier this year about a new venture that is in the works via an ICO website, the firm is now revealing that the new project is a major one.
Being one of the leading brands in the industry, the company is focusing its attention on the Blockchain and the possibilities that come with it. IQ Option has committed to funding a massive project called the ‘Open Trading Network’.
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The company is aiming to create a cross-chain solution that enables transactions across different blockchains. The firm has identified the lack of cross-chain technology as a key challenge for the continued development of the crypto-world.
Once isolated blockchains are connected together the transaction handling possibilities of the whole network are opening new possibilities. The Open Trading Network (OTN) aims to cross-connect crypto users, businesses and traders into a single cross-chain network.
The solution includes a common wallet that holds all crypto and tokenised assets of a user as well as the possibility to freely exchange them via a distributed ledger. Businesses will be able to create their own currencies, raise funds or get access to a pool of traders on the OTN exchange.
Traders can gain access to a pool of crypto Liquidity via the IQ Option trading platform that has proven itself to be one of the most solid solutions in the industry. The company has had enormous success especially with its mobile offering which has been generating a substantial portion of the firm’s revenues over the past years.
The network will also enable the exchange of tokenised assets, fiat currencies and derivatives.
A bold new project for IQ Option
The participation of IQ Option with its team of over 550 professionals that are spread across its two offices in Saint Petersburg and Limassol in the project is a new milestone for the firm. The company has been heavily investing in the continuing development of its trading platform and has managed to successfully make a transition into offering FX, CFDs and cryptocurrency trading at a challenging time.
A key aspect of the new project is that it fully adheres to existing regulations for brokerages. The partner brokers will be able to report their transactions to regulators on all of the instruments that are subject to supervision.
This is possible as only those parts that are necessary are realised via blockchain technology. The OTN Network allows regulators to view a list of transactions when necessary. At the same time a system of digital signatures will identify users for an optimised KYC procedure.
Why this is not an ICO
IQ Option is not aiming to raise money with its new venture. The company is instead committing to develop the solution as a module within its already widely used and fully functional trading platform. The firm is aiming to meet the demand from existing users instead of creating a market from scratch.
“We are not trying to use blockchain to solve every problem - we are only using it in those parts of the system where it is justified, and only after enhancing it to meet real requirements. We may be evolving the blockchain technology itself to achieve these goals,” the company outlines in its whitepaper.
The company’s initial consideration is to create a solution that is a hybrid between blockchain and distributed non-blockchain tech. The central order-matching system will warrant execution speeds that can not be reached via distributed ledger solutions at present. The company states that its matching engine can sign token exchange orders in seconds.
IQ Option’s OTN Tokens will be listed for trading on all outside exchanges that are willing to provide it. Clients of the brokerage will be able to generate tokens as they execute transactions via the platform.
The CEO of IQ Option, Dmitriy Zaretsky, will be speaking on a panel at the Finance Magnates London Summit 2017 later this autumn together with Ecommpay's Director Michael Christos.
IQ Option is setting its sights on a brand new project. After teasing us earlier this year about a new venture that is in the works via an ICO website, the firm is now revealing that the new project is a major one.
Being one of the leading brands in the industry, the company is focusing its attention on the Blockchain and the possibilities that come with it. IQ Option has committed to funding a massive project called the ‘Open Trading Network’.
[gptAdvertisement]
The company is aiming to create a cross-chain solution that enables transactions across different blockchains. The firm has identified the lack of cross-chain technology as a key challenge for the continued development of the crypto-world.
Once isolated blockchains are connected together the transaction handling possibilities of the whole network are opening new possibilities. The Open Trading Network (OTN) aims to cross-connect crypto users, businesses and traders into a single cross-chain network.
The solution includes a common wallet that holds all crypto and tokenised assets of a user as well as the possibility to freely exchange them via a distributed ledger. Businesses will be able to create their own currencies, raise funds or get access to a pool of traders on the OTN exchange.
Traders can gain access to a pool of crypto Liquidity via the IQ Option trading platform that has proven itself to be one of the most solid solutions in the industry. The company has had enormous success especially with its mobile offering which has been generating a substantial portion of the firm’s revenues over the past years.
The network will also enable the exchange of tokenised assets, fiat currencies and derivatives.
A bold new project for IQ Option
The participation of IQ Option with its team of over 550 professionals that are spread across its two offices in Saint Petersburg and Limassol in the project is a new milestone for the firm. The company has been heavily investing in the continuing development of its trading platform and has managed to successfully make a transition into offering FX, CFDs and cryptocurrency trading at a challenging time.
A key aspect of the new project is that it fully adheres to existing regulations for brokerages. The partner brokers will be able to report their transactions to regulators on all of the instruments that are subject to supervision.
This is possible as only those parts that are necessary are realised via blockchain technology. The OTN Network allows regulators to view a list of transactions when necessary. At the same time a system of digital signatures will identify users for an optimised KYC procedure.
Why this is not an ICO
IQ Option is not aiming to raise money with its new venture. The company is instead committing to develop the solution as a module within its already widely used and fully functional trading platform. The firm is aiming to meet the demand from existing users instead of creating a market from scratch.
“We are not trying to use blockchain to solve every problem - we are only using it in those parts of the system where it is justified, and only after enhancing it to meet real requirements. We may be evolving the blockchain technology itself to achieve these goals,” the company outlines in its whitepaper.
The company’s initial consideration is to create a solution that is a hybrid between blockchain and distributed non-blockchain tech. The central order-matching system will warrant execution speeds that can not be reached via distributed ledger solutions at present. The company states that its matching engine can sign token exchange orders in seconds.
IQ Option’s OTN Tokens will be listed for trading on all outside exchanges that are willing to provide it. Clients of the brokerage will be able to generate tokens as they execute transactions via the platform.
The CEO of IQ Option, Dmitriy Zaretsky, will be speaking on a panel at the Finance Magnates London Summit 2017 later this autumn together with Ecommpay's Director Michael Christos.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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