TioMarkets New Director
TioMarkets, a popular blockchain exchange subsidiary of Trade IO, has revealed updated on their trading banding. This brand hasn’t been open for more than eight months, with certain aspects of the company still growing. The most significant update learned in their announcement was the appointment of their new director, Stefanos Mitsi. He is the former chief executive officer behind Iron FXUK, one of the largest exchanges before the ESMA’s product intervention measures. Before taking on this role with TioMarkets, has acted as an executive consultant to the exchange. Assuming this new position means an increase in responsibilities and tasks for Stefanos.
Mitsi has a prolonged career in the digital trading space. Before becoming the CEO of Iron FXUK, he worked as the chief executive officer at BD Swiss Holding Plc for nearly multiple years. The IG Group also employed Stefanos for a few years. Inevitably, when he left Iron FXUK six months ago because of declining revenues, the corporation immediately rebranded itself to 8SAFE UK Ltd. This came as a shock to Mitsi, who was also one of the founders of this exchange. Regardless, he’s moving forward to new heights with the new position as director of Tio Markets.
Stefanos Mitsi publicly stated: “I’ve had the honour of consulting the TIO Markets team since the company officially launched in May 2019. With each week that passes, we’re experiencing growth in every category, and I expect to see continued exponential growth in the near to long term.”
FX Trading & Cryptocurrency Assets
Trade IO has been actively working towards strengthening its footprint in the European Union/UK Trading Markets, which requires stronger regulation and multiple licenses. When this company purchased Primus Capital Markets, they immediately rebranded the blockchain exchange to TioMarkets. Since the Financial Conduct Authority already regulated primus in the United Kingdom, Trade IO was capable of providing their brokerage services to UK Clients.
Today they provide a monthly subscription service to thousands of clients, which enables two products to become available for trading purposes. The first product was maintained through the MT4 Program, which allowed for 130 Forex/CFD Instruments. These include Oil, Metals, Commodities, Global Equities and Indices. Their other Platform is managed through the MT5 Platform, which provides similar instruments to its predecessor. The critical difference is the introduction of modern trading features that the MT4 Program doesn’t offer.