Exclusive: SpotOption Cuts Staff in Israel, Shifts Focus Abroad

[kreslik.news]

Israeli company SpotOption, which is one of the leading providers in the binary options space and recently started diversifying into CFDs and forex, is restructuring its operations. Finance Magnates can confirm that the company is making substantial cuts to its Israeli operations and is shifting its focus on other locations.

SpotOption’s Hong Kong, Singapore, and London branches will be playing a bigger role in the future, with operational needs for the company in the Far East growing. According to the company, the highest potential for growth is in regulated jurisdictions.

The move comes after the Israeli Knesset recently announced a heavy crackdown ... (read more)