'Our Community Has Spoken - They Are Calling for Change' - Exclusive Interview With trade.io CEO Jim Preissler - Bitsonline

‘Our Community Has Spoken – They Are Calling for Change’ — Exclusive Interview With trade.io CEO Jim Preissler

After successfully raising over $31 million USD in its ICO and hosting highly publicized promotional and pre-launch activities, trade.io is promising an exchange with a customizable user interface to suit everyone — from novice traders to the more experienced. And with its sights set on a broader range of products than cryptocurrencies in the future, it could well challenge the top exchanges for customers.

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Swiss-based trade.io Set to Launch

On the eve of its July 17th launch, Bitsonline caught up with trade.io’s CEO Jim Preissler about what his hopes are for the new Swiss-based exchange and how it could change the landscape of the crowded exchange marketplace, in part, by becoming a one-stop shop for crypto, forex, and commodities trading.

Bitsonline’s Exclusive Interview With Jim Preissler

Paul de Havilland: Thanks for taking the time out of your busy schedule to talk with us, Jim. You describe trade.io as a next-generation, blockchain-based financial institution. What is trade.io’s key point of difference from other crypto exchanges?

Jim Preissler: Our unique differentiator is in the application of our experience which stems from a long history in the traditional finance sector. The team and I are not only professionalizing the upcoming blockchain sphere, but we are actually building brick-by-brick the much-needed bridge between blockchain and finance, which will truly help to democratize the markets.

We were one of the most successful ICOs of 2017, earning more than $31 million, and have made a pledge to our community to deliver industry-leading products and services that drastically improve the financial journeys of our stakeholders. More specifically, we are evolving day-by-day, guided always by our community, and every single service or product that we offer is community led. This is evidenced for instance in our upcoming Liquidity Pool, which offers daily interest payouts, and also in our airdrop program which automatically drops a wide range of tokens to our qualified token holders, thereby helping them to diversify their investment portfolios at absolutely no effort. These services compound with the core offerings of our trade.io exchange, the specs of which were also laid out by our community, as well as our ICO Consulting and our Investing program. Our community has spoken – they are calling for change, and we consider it to be our duty to implement it.

We announced at our exclusive Bloomberg-hosted cryptocurrency event on June 29th that we will be launching our exchange on July 17th, and that the first month’s trades will be commission-free. Pre-registration is available here: trade.io/exchange.

PdH: Who exactly is it aimed at (in terms of trader type, geography, etc.)?

JP: With our innovative, customizable, widget driven interface, we can cater to the new user who initially wants a clean, clear & simple platform, all the way through to the professional trader who desires a robust and configurable platform they can tweak to meet their needs.

trade.io everyone

As a member of the senior executive team, we are extremely keen to be operating within the confines of what is legally permissible, and we are actively working with international regulators on the formation of regulatory guidelines applicable to ICOs and other crypto firms. While TIO is currently available on a range of exchanges as shown on our website, soon it will also be available to purchase exclusively on https://exchange.trade.io.

The TIO acts as an access key to various services of the company, including our Liquidity Pool, discounts, and bonuses to ICOs, as well as our airdrops program. As a user of our exchange, we plan to offer educational support to both novice traders as well as professional or advanced traders, through the provision of technical analysis, charting tools, tutorials, and more. We target for our exchange to be truly all-encompassing and down the line, with the inclusion of leveraged crypto-to-crypto products as well as non-crypto instruments. Our goal is to be the only exchange of choice for traders of all popular instruments.

PdH: Why, in a crowded exchange space, would someone use trade.io over another exchange?

JP: Rather than trying to decide for ourselves what the community wants from an exchange, we have taken a vastly different approach from our competitors. We actually polled our community on what they want, and the results were fascinating. They vastly voted in favor of a customizable user interface that will compliment the trading strategy and preferences of any given user. It was also abundantly clear after polling that a poor user interface is the top complaint among traders about the current available crypto exchanges, along with security concerns. We, of course, address all of this in what we believe will be an industry-leading crypto exchange.

How did we do this? We have applied our unparalleled professional expertise in the fintech and blockchain sectors to create the ultimate exchange experience for traders, starting with cryptocurrency instruments, and then later to include other asset classes such as forex, commodities, and others. We are confident that our exchange will satisfy the specifications stipulated to us by our community, and look forward to sharing in the successes of the trade.io exchange with our qualified TIO holders via the upcoming trade.io Liquidity Pool.

trade.io liquidity pool

PdH: Could you outline the details of the liquidity pool you speak of?

JP: The Liquidity Pool is part of what makes trade.io so special. It represents a commitment from the senior management in the company to give back to its community. We are pledging to return up to 50 percent of all funds generated by the activity of the Liquidity Pool in any given day, back to the Liquidity Pool participants. In practice, this means that as a participant, you could be earning interest daily in a wide range of currencies. TIO holders with more than 2500 TIOs will be enabled access to our Liquidity Pool via a simple join button in their exchange members area, and further to that, there is absolutely nothing more that a participant needs to do. We have received incredible feedback from our community who are eagerly awaiting the launch of the pool. They understand that we are putting our money where our mouth is and are taking active steps to help democratize the financial markets, instead of just sitting down and talking about it. To this end, we have already unlocked 50 million TIOs currently being held for the Liquidity Pool, to active status. We plan for the pool to be launched around one month after the exchange launch.

More information on the pool can be found here:

With lofty ambitions and a number of unique features, trade.io appears set to ruffle quite a few feathers in the crypto exchange industry. Bitsonline will follow their progress with interest as they pursue their goals.

Have your say. Do trade.io’s unique set of features sound like a reason to switch from your current exchange of choice?

Images via Pixabay

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