Blockchain.io is a cryptocurrency exchange for institutional investors and traders, which will function in compliance with all applicable laws and taking all international regulations into consideration. The exchange is being launched by Paymium.com, one of Europe’s earliest Bitcoin exchanges, founded by Pierre Noizat.
Paymium is registered with the French regulation authority, ACPR, and claims is it has never been hacked since it began operating in 2013. The exchange is currently undergoing the necessary regulatory compliance required by the AMF, the French equivalent of the SEC. To eliminate counterparty risk, the company intends to employ ‘fair exchange’ protocols, which enable cryptocurrency atomic swaps with encrypted cold storage wallets and cryptographic proof of reserves.
The platform will also offer ICO services that include planning and execution of campaigns and ICO listings on the Blockchain.io exchange. The listing will evaluate tokens based on sustainability, as well as technical competence and protocol reviews. Their BCIO token will be used to offer loyalty rewards, which act as a medium of exchange and offers other incentives to maintain liquidity on the trading platform.
The team behind Blockchain.io already has substantial experience through its parent company and has managed to bring together a respected group of global advisors from different exchanges, financial institutions, national tax administrations, and other spheres. The ICO is already creating a buzz in the market which can be observed from their social media following. This hype is likely to help the Paymium team reach their hard cap even in the currently conservative investment marketplace.