One of the biggest binary options brokerages in the industry which has recently launched CFD trading, IQ Option, 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 is elaborating that the token sale will be limited to a fixed amount. Finance Magnates has reached out to a company representative for a comment, however at the time of publication has not received an official response.
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 broking space. As the increased regulatory scrutiny on the product has pushed the industry into a transition, IQ Option has 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.
ICO’s 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.