On Friday, April 19, 2019, 8:03:59 AM EDT, Bill Heyn – trade.io [email protected] wrote:
Message From The CEO
It is no secret that the crypto landscape has changed significantly over the past year. As I have mentioned previously in my monthly messages, trade.io is doing everything in its power to navigate these challenges.
trade.io continues to maintain a strong balance sheet and is making investments on process optimizations and overall performance enhancements such as faster order matching, tighter spreads, increased liquidity and streamlined AML/KYC automation.
While part of this process is seeking new and growing revenue, we must also be mindful of our costs. We have managed, to date, to make multiple cost-saving moves invisibly through improved efficiency, but that can only take us so far.
By far the hardest of these cost-saving initiatives have been discussions with our various business heads to determine if certain activities are right for trade.io at this time and to determine what actions will benefit the long-term health of the company. This process has led us to an extremely difficult decision, which necessitates us saying goodbye to colleagues with whom our company and our TIOnauts have built special bonds.
As a result, we have made the decision to mutually part ways with our Hong Kong-based consulting division, so that they may pursue other opportunities. As of the end of April, we will no longer be offering consulting services to the crypto community.
We can’t thank our consulting team enough for their contribution to trade.io and for helping to put trade.io on the map in Asia and beyond. They introduced many great clients to trade.io and did a tremendous job of getting our brand out to the public. We wish the consulting team nothing but the best in the future. They will always be friends of trade.io
Even though our consulting arm is closing down, we remain committed to doing what is needed to provide returns for TIOx holders and liquidity pool participants.
We will still be on boarding new tokens and projects and working to improve the performance and features of our exchange. Combined with our most diverse revenue generating funnel ever, new products, record high volume on the exchange and imminent deployment of TIOmarkets Phase II, we are confident that liquidity pool participants will continue to enjoy robust daily returns.
As always, we thank you for your continued support and I am happy to answer any questions that you may have.
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