ThinkMarkets Group is considering listing a new token to work on a blockchain-based project, sources with knowledge of the matter have shared with Finance Magnates. The firm, that has been actively focusing on mobile trading over the past year after the acquisition of Trade Interceptor, and is in internal discussions on whether a new blockchain-based project will bring additional value to the brand.
ThinkMarkets has a wide-ranging set of clients globally with the company strongly committing to its proprietary mobile trading software, Trade Interceptor. The company managed to successfully integrate one of the most popular mobile trading solutions into the brokerage to secure a unique user experience on Android and iOS devices.
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No details about the company’s considerations for the token sale are currently available. The firm could well be looking to leverage its proprietary technology to gain leverage on the cryptocurrency market, which is increasingly popular amongst traders. The company has built its own proprietary MT4 bridge, a risk management system, a back office system, a trading platform, a money management solution and account management portal.
ThinkMarkets has been offering trading in various cryptocurrencies since the fourth quarter of last year.
The news comes amid an increasingly popular trend for financing new projects via ICOs. Last week Trade.io completed a token sale that raised a total of $36 million. The company has signed up as an early adopter foreign exchange and CFDs brokerage FXPRIMUS.
Hong Kong-based CoinMetro successfully launched its own token sale earlier this month in a partnership with FxPig. The pre-sale of the token sale has started, with the project aiming to build a new trading platform, the CoinMetro Exchange.