Binary options company TraderXP was sold to a private buyer. The size of the deal hasn’t been disclosed. The seller, SpotOption, announced that it prefers to focus on it’s binary options platform rather than on its brokerage.
SpotOption’s core business is the software it provides to binary options brokers. It will now focus on the development of the B2B software. TraderXP has been in the market since 2009, so the exit is quite quick.
Being the first exit in the binary options industry sure is an achievement. On the other hand, as it’s the first of its of kind, I can’t tell if this is a rapid success that shows the potential of binary options, or a sale at a low price. Will they set the path for further exits?
Anyway, here’s the full press release:
SpotOption Ltd. Completes First Exit with TraderXP
SpotOption Ltd. makes successful first exit in the binary options industry by selling their white label, TraderXP.
SpotOption Ltd. has announced their latest strategic decision – selling their B2C operation, TraderXP. After a successful week in London at the International Gaming Exhibition and London Affiliate Conference, SpotOption made the decision to concentrate the core of their business on their B2B operation and made the sale to a private buyer in the gaming industry.
Established in 2009, TraderXP allows end-users from around the world to trade binary options. The advanced, reliable platform was conceived just after the creation of binary options trading, making it a forerunner of the industry.
SpotOption Ltd has recently seen a climb in the number of white labels they sell and operate and therefore determined that the best strategy would be to concentrate on perfecting their platform as well as the service they provide to their existing clients. SpotOption counts the largest gaming and forex operators among their clients and is constantly revamping their features to make them more accessible and end-user friendly.
“We sold TraderXP in order to make SpotOption and the development of its services the focal point of our company. I expect great things out of the upcoming year, where we will be able to expand our client portfolio and really focus on providing interested parties with a complete, advanced platform”, says Pini Peter, Founder of SpotOption.
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About SpotOption
SpotOption, established by financial and development experts in 2008, provides a complete solution for those looking to offer a Binary Options platform to traders and internet surfers. The White Label program guarantees high profits with minimal work on the operator’s side, answering the needs of every aspect involved in running an online trading operation.