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Online Trading Pioneer, Binary.com chooses ICO over IPO

Tue Oct 17, 2017 12:24 pm

The pioneer of online binary options trading, Binary.com recently announced that it is performing an Initial Coin Offering (ICO) as a substitute for an Initial Public Offering (IPO).

Binary.com believes that a blockchain-based offering –– compared to a listing on a traditional stock exchange –– is more advantageous to prospective investors.

Taking ICOs a step further

This year alone, 176 ICOs have raised over USD 2.7 billion (as of mid-October), according to Coinschedule, a website that tracks ICOs around the world.

Each ICO is different, but most tend to exhibit similar characteristics. They tend to revolve around an idea for a new implementation of blockchain technology, and will issue new forms of cryptocurrency tokens to prospective investors in order to raise funds for the project.

However, Binary.com promises to set a new standard in how ICOs are carried out. As a profitable company with a proven business model, Binary.com has designed its offering to protect investors by adhering to best practices in corporate governance, investor disclosure, and transparency.

https://coinidol.com/online-trading-pio ... ooses-ico/

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