TechFinancials Revenues down 46% in 1H-2018 as Binary Options business stalls LeapRate

September 18, 2018 BY LeapRate Staff

TechFinancials Revenues down 46% in 1H-2018 as Binary Options business stalls

Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced its financial results for the first half of 2018, indicating (not too surprisingly) that Revenues were down by 46% from 1H-2017, to $3.78 million. TechFinancials earlier this year shut down its OptionFair binary options brokerage brand, gave up its CySEC license, and shuttered…

July 25, 2018 BY LeapRate Staff

TechFinancials adds NEX Exchange share listing, but denies dropping AIM

Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced that it has applied for admission of its entire issued share capital of 84,980,979 fully paid ordinary shares to trading on the NEX Exchange Growth Market. Admission is expected to take place on or around August 8, 2018. The company said that it…

June 26, 2018 BY LeapRate Staff

TechFinancials revenues decrease 37% in 2017, will fall further in move to crypto

Binary options brokerage and blockchain technology company TechFinancials Inc (LON:TECH) has released its financial figures for 2017, which not surprisingly saw a 37% decrease in Revenues, $13.4 million versus $21.3 million in 2016. EBITDA fell from $5.6 million in 2016 to $2.9 million in 2017. And, the company indicated that it is expected that revenues…

March 19, 2018 BY LeapRate Staff

CEDEX ICO pre-sale successfully raises $15 million

TechFinancials Inc (LON:TECH) has announced that the ICO pre-sale of its Blockchain based online diamond exchange unit CEDEX was successfully completed. CEDEX hit its target of selling 25 million CEDEX tokens, at a price of 1 Ethereum = 900 CEDEX tokens. At Ethereum's current price of USD $544, that adds up to a $15 million…

March 16, 2018 BY LeapRate Staff

Turning Binary Options into Diamonds: CEDEX launches $40 million ICO pre-sale

After jettisoning (virtually) its entire Binary Options business and giving up its CySEC CIF license, TechFinancials Inc (LON:TECH) announced today that as scheduled, its Blockchain based online diamond exchange CEDEX will launch its ICO token pre-sale event today, March 16, 2018 at 10:00 GMT. CEDEX has set the sale price of the CEDEX coins at 1…

January 12, 2018 BY LeapRate Staff

TechFinancials shares soar on increased Cedex ICO size

Shares of binary options technology (and more recently Blockchain tech) provider TechFinancials Inc (LON:TECH) were soaring by 28% to an all time high of 37 pence on Friday morning, after the company announced that it was increasing the size of the planned token sale for Cedex Holdings Ltd. TechFinancials recently invested in Cedex, which is setting…

December 28, 2017 BY LeapRate Staff

TechFinancials puts more cash into Blockchain based online diamond exchange Cedex.com

After receiving more than $1 million in dividends from its China JV DragonFinancials, binary options platform provider TechFinancials Inc (LON:TECH) is continuing its diversification away from binaries by plowing some of that cash into its Cedex.com joint venture. As we reported in October, TechFinancials set up Cedex.com as a JV with private banking expert Saar Levi. Cedex (CErtified…

Tag: cedex.com