IQ Option, one of the biggest binary options brokerages in the industry, and which recently launched CFD trading, is preparing an ICO. The company published a dedicated website on the matter that is fairly vague on information for the time being.
As further updates are expected, the company explains that the token sale will be limited to a fixed amount. Finance Magnates reached out to a company representative for comment, however at the time of publication has not received an official response.
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The sole detail that catches the eye before the publication of any white paper is that the website states that the company has over 500 team members. IQ Option also outlines that it is a profitable company.
The brokerage has been growing in recent years, making quite a breakthrough in the binary options space. As the increased regulatory scrutiny on the product has pushed the industry into a transition, IQ Option recently rolled out its CFDs and cryptocurrencies trading app.
According to the title page, the ICO of the company could be a substantial offering. The firm has not published a roadmap, with the only active space being reserved for an email subscription list.
ICOs are becoming popular financing vehicles for the industry with IQ Option becoming the first major player to explore the option. The company holds a CySEC license to provide financial services across the EU and has a very strong mobile offering.