Tag: TechFinancials Inc (LON:TECH)

OptionFair binary options closed
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…

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cysec cif license
July 04, 2018 BY Valentina Kirilova

CySEC withdraws CIF license of B.O. Tradefinancials Ltd

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on its meeting of 25th June 2018, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 (ΝI87(I)/2017), as in force (‘the Law’), to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 216/13 of the…

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May 14, 2018 BY LeapRate Staff

TechFinancials issues 12.4M shares worth $2.8M to China binary options JV partners

Binary options brokerage and blockchain technology company TechFinancials Inc (LON:TECH) has announced it that has issued 12.4 million to its joint venture partners in its China binary options business, DragonFinancials. DragonFinancials has been the main revenue generator for TechFinancials for the past year-plus, with the company shutting down its own OptionFair binary options brand and starting…

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CEDEX ICO pre sale
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…

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OptionFair binary options closed
March 01, 2018 BY LeapRate Staff

TechFinancials gives up CySEC license, closes OptionFair as Binary Options focus switches to China

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has notified Cyprus financial CySEC of its intention to withdraw the Cyprus Investment Firm (CIF) license of its regulated subsidiary B.O. TradeFinancials Limited (BOT), and that it plans to shut down its OptionFair binary options brand, returning all client funds. BOT is the…

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