Breaking: Trade.io Acquires Primus Capital Markets UK

[kreslik.news]

Blockchain trading platform trade.io has just announced that it acquired an FCA brokerage company. The firm’s name is Primus Capital Markets UK, it holds an IFPRU 125K matched principal license from the UK regulator.

The deal comes as a reaffirmation of trade.io to eventually become a one-stop shop for multi-asset trading. The company will use the new acquisition to extend its product offering.

The deal comes at a stressful time for EU-regulated brokers. The leverage changes introduced by the ESMA in August have materially affected the sector. Some brokerages have experienced a dramatic decline in trading volumes.

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