Invest in the world's premier platform for binary options trading
An Initial Coin Offering (or 'ICO' for short) is a fundraising method that's relatively similar to an IPO. In an ICO, cryptocurrency tokens are issued instead of shares.
Binary.com will issue a number of tokens during the ICO.
Each token provides you with two exclusive tokenholder rights.
As a tokenholder, you have the right to receive payments equivalent to shareholder dividends.
As a tokenholder, you also have the right to convert your tokens into Ordinary Shares.
Binary generally distributes dividends once a year, at the sole discretion of its board.
Distribution of dividends will be announced on the Binary.com website.
Tokens entitle you to an equivalent amount of dividends as Binary Ordinary Shares.
Need a different perspective? Read these independent third-party reports for unbiased insights and opinions on Binary.com and our token offering.
This equity research report by Lykke Accelerator gives you an overview of our company structure, financial performance, forecasts of future revenue, and more.View Lykke report
This research report by India-based TokenRating analyses the structure of our token offering and the potential impact of our convertible tokens with dividend rights.View TokenRating report
Binary.com is the pioneer of online binary options trading. We grew from one simple idea: to make binary options easily accessible to retail investors worldwide.
Today, we’ve established ourselves as a market leader and one of the most popular online binary options trading platforms in the world.
Our track record speaks for itself; we recorded a turnover of USD 847.6 million in 2016 —— bringing our total turnover to over USD 3 billion since we launched in 2000.
Binary.com is licensed and regulated in Malta, the British Isles, Japan, and Vanuatu.
Over 100 asset classes across Forex, CFDs, and binary options.
Our cutting-edge pricing technology benchmarks our prices against interbank market rates wherever possible.
Binary.com developed the systems, methods, and algorithms that made binary options accessible to retail traders.
Trade anytime, anywhere with our desktop, web, and mobile platforms.
Binary.com employs over 130 people across its offices in Malta, Malaysia and Japan.
These key metrics will show you what growth and success looks like for an award-winning binary options trading platform.
A record-breaking year for turnover and profit in 2016 saw us distribute nearly USD 12 million in total dividend payments to shareholders.
Binary.com is a successful and growing platform, with several ongoing initiatives to enhance future profitability. These include our entry into new regulated markets with significant growth potential, and the innovation and expansion of our product offerings.
We’ve generated over USD 3 billion in turnover since inception, thanks to a rapid growth in business from 2010 onwards.
Total active clients on our platform have almost doubled from 2014 to 2016. This is largely due to our focus on improving customer retention and acquiring new customers via targeted online marketing campaigns.
In the last two years alone, over 276 million contracts were bought and sold on our platform.
We’ve grown in size over the years —— both in terms of manpower and offices. We currently have over 130 employees across four offices in three countries: Malaysia, Malta and Japan.
Note: 2017 numbers are projected from August interim figures
Jean-Yves Sireau is the founder of the Company. A serial entrepreneur at heart, he founded his first company in 1991. His achievements at only 21 years old saw him awarded the prestigious Foundation Jacques Dounce prize for young entrepreneurs by the French prime minister Edith Cresson, and the Neuilly Professions prize by a future French president Nicolas Sarkozy. Jean-Yves founded Fortitude Fund Management, a hedge fund management group, in 1993, and Binary.com (formerly known as Betonmarkets.com) in 1999.
Joanna oversees the Group's procedural and regulatory compliance with the various licensing compliance jurisdictions of the Binary.com Group, in addition to overseeing a number of the Group's key operational areas such as payments and client account management. Joanna has been a member of the Malta Institute of Management since 1999, holds a diploma in Financial Services Operations and Compliance, and a Professional Post-Graduate Diploma in Financial Crime Compliance with the International Compliance Association.
Jim Mellon is a well-known and successful entrepreneur, starting his career in fund management and now including biopharma, property, mining, and information technology amongst his many investments. Jim is listed at number 140 on the Sunday Times Rich List with a net worth of £920 million, and holds directorships in a number of publicly quoted companies. He is the founder and principal shareholder of the Regent Pacific Group, quoted on the Hong Kong Stock Exchange, who were the founding investor of Binary.com in 1999.
Binary options possess unique attributes that appeal to both retail and institutional traders worldwide.
You can only lose your initial investment and nothing more.
Deposit as little as USD 5 and start trading from USD 5 per contract.
Trade short-term or long-term contracts, from 10 seconds to 365 days.
The binary options industry is poised for breakout growth similar to the growth shown by the Forex industry —— thanks to key trends and events in emerging and developed markets.
Organic growth is driving demand, especially in the Far East –– the world’s leading market for binary options.
After a lengthy process, we were awarded a financial license to operate in the country, in compliance with its new regulations.
The European Commission recognised binary options as financial instruments in 2012, meaning increased credibility for licensed brokers.
We possess a number of attributes which differentiate us from other players in the market.
Our platform is backed by proprietary technology, developed and managed by a highly-skilled and experienced team carefully handpicked from around the world.
We offer an innovative product range for customers consisting of financial and synthetic instruments with durations ranging from 10 seconds to 365 days.
We’ve obtained financial and gambling licenses to operate in key countries and regions such as Europe, the Isle of Man, the United Kingdom, and Japan.
We have the ability to adapt and scale to meet the demands of new clients, thanks to the teams and processes that we’ve put together over the years.
We have an agile senior management team with more than 30 years of collective experience in the industry, as well as a succession plan in place.
We employ a wide range of unique marketing initiatives to acquire customers. We are focused primarily on untapped markets.
Join the conversation on our social channels for all news and updates related to our upcoming ICO.
An ‘Initial Coin Offering’ (or ‘ICO’) is a fundraising method that is relatively similar to an Initial Public Offering (IPO). However, in an ICO, cryptocurrency - such as ‘coloured coins’ or ‘Ethereum tokens’ - is issued to investors instead of shares.
Binary.com was founded in 1999. Today, it is a well-established, and very successful, company. Like many successful companies, the growth of our business led us to consider an IPO.
However, we believe that in the coming decade traditional stock exchanges will gradually be replaced by blockchain exchanges, and IPOs will gradually be replaced by ICOs. This is because blockchain technologies are much more performant than the legacy technologies of traditional stock exchanges, leading to lower transaction fees, faster settlement times, and error-free immutable audit trails. Hence, we decided to perform an ICO instead of an IPO.
For further background information please read our blog post, Why we are doing an ICO (and not an IPO).
Binary.com will offer a number of blockchain tokens to investors. These tokens will be ‘ERC20’ tokens on the Ethereum blockchain, however the Company may issue tokens on other blockchains if there is sufficient investor demand for different token types.
Regardless of the type of token issued, each token will provide investors with two rights:
Corporate laws in most jurisdictions (including the British Virgin Islands, where our Group company is incorporated) do not yet support blockchain-based share registers.
Therefore, the tokens are issued as derivative securities, convertible into Ordinary Shares.
The tokens entitle the holder to receive dividend-linked payments, and carry economic benefits that are equivalent to Ordinary Shares. Thus, there would ordinarily be no practical reason for token holders to convert their tokens to shares.
The tokens will be offered from 15 November 2017 to 25 December 2017.
The tokens are offered via an auction process. To place a bid, you just need to deposit 5% of the total bid price upfront. After the auction is over and the final price is determined, you will have two weeks to deposit the balance payable depending on the final token price.
This means that you won’t have to tie up important funds in order to keep your bids active.
Not at all. You can cancel a bid at any time before the auction ends at no cost.
Up to 10 million tokens are available via the auction.
The minimum bid is USD 1.35/token or equivalent in other currency/cryptocurrency.
The higher you bid, the more your chances of being successful in the auction. However irrespective of how high you bid, at the end of the auction all winning bids will receive the same final price, which is the lowest winning bid.
Tokens will only be offered to Binary.com clients who have a Real Money account. Please visit www.binary.com to open an account.
The ICO will be restricted in a number of jurisdictions to qualified or professional investors, in accordance with the rules and regulations of such jurisdictions. In particular, the ICO is not available to US investors.
To find out if the ICO is available in your jurisdiction, and, if so, if you are qualified to subscribe for tokens, please select your country from the dropdown list on the Information Memorandum page.
You will be able to purchase tokens using the funds in your Binary.com account. You may use any of the available currencies (including cryptocurrencies) in our cashier system. If you choose to bid in a currency other than USD, the bid amount shall be converted to USD at the prevailing exchange rate at the time the auction ends.
Binary.com has entered into an agreement to list the tokens on the Lykke.com cryptocurrency exchange. Lykke is a Swiss fintech company building a global blockchain-powered marketplace for securities-linked tokens.
We intend to apply for the token symbol BINARY.
There will be three main benefits of purchasing tokens.
First, token holders will receive dividend-linked payments equivalent to the dividends paid by the Company on its Ordinary Shares. Therefore, token holders will share in the future success of the Company in the same way as do shareholders.
Second, tokens may be converted into Ordinary Shares of the Company (subject to certain conditions, as described in the Information Memorandum), thereby providing the legal link between tokens and Ordinary Shares.
Third, token holders will be able to freely trade their tokens. In contrast, Ordinary Shares are not listed and therefore cannot be traded on any exchange. In that sense, the tokens will be a superior investment to Ordinary Shares.
Although Binary.com has been a successful company since its inception in 1999, the tokens should be considered a high risk investment. The Binary.com business is subject to a number of risks which could adversely affect the company and hence affect the future value of the tokens. These risks are detailed in the Information Memorandum and should be considered very carefully before proceeding with any investment in the tokens.
Head over to our YouTube channel to learn more about ICOs, popular cryptocurrencies, and blockchain technology. We’ll show you how they work and how they are changing the way we do business.
We are adopting the ‘Mini Me’ ERC20 token for our ICO. This type of token possesses unique features that are suited to securities tokens. One of its unique features is the ability to clone itself, thus creating a mini version of itself.
To implement our dividend payments feature, we will clone our tokens and each cloned token will represent dividend rights.
At this stage, tokenholders can cash out their dividends in one of two ways:
In the latter case, tokenholders will need to log in to their Binary.com account, authenticate their account in accordance with KYC requirements, and deposit the cloned tokens using the facilities that we’ll provide in return for dividends.
Dividends will generally be distributed once a year.
Tokenholders who wish to convert their tokens into ordinary shares must serve us with a conversion notice – in line with the terms of the tokens.
The terms cover market value, jurisdictions, KYC and AML procedures, and necessary regulatory approvals. You may refer to the Information Memorandum (pp. 20-21) for more details.
Securities tokens are tokens that derive their value from an external asset or represent traditional financial assets.
Utility tokens are tokens that give you access to decentralised networks or applications.
The price per token is determined by a Dutch auction where investors will enter bids for how many tokens they want to purchase at different prices. Once the bidding period is over, all accepted bids will be arranged from the highest to lowest price until all our tokens have been assigned, as per the process described in the Information Memorandum. The lowest price among all allotted tokens will be the final price that everyone pays.
This means that the price of the token is determined by market demand, and not Binary.com.
To find out if your bid is successful, you may refer to the ‘ICO Auction Bids’ section on the ICO bidding page.
To place a bid, just enter the number of tokens you’d like to purchase and the price you’re willing to pay per token into the bid form on the ICO bidding page.
To place a bid, you only need to place an initial deposit equivalent to 5% of the total amount. Your bids can be cancelled at any time before the end of the auction at no cost.
After the bidding period is over and the final price of the token has been decided, you will have two weeks to pay the balance owed depending on the final price of the token.
The definition of a professional investor varies based on jurisdiction. In essence, a professional investor refers to an investor who’s more experienced and is able to evaluate an investment opportunity with a full understanding of the risks involved.
Yes, we support multiple crypto (Bitcoin, Bitcoin Cash, Ethereum, and Litecoin) and fiat (AUD, EUR, GBP, and USD) currencies.
Yes. Bidding starts at USD 1.35 per token with a minimum number of 25 tokens per bid. The final token price will be determined after the bidding period is over.
Your bid was unsuccessful because it was lower than the final token price. A higher bid will give you a higher chance for a successful bid.
Once you’ve claimed your tokens, you are entitled to the following rights:
An ERC20 token is a type of token based on the ERC20 token standard used for Ethereum smart contracts. It’s considered to be one of the most significant token standards ever created for the Ethereum blockchain.
We decided to adopt the ERC20 token as it possesses unique features that are appropriate for a securities token.
No. Binary.com tokens are securities-backed tokens which come with exclusive tokenholder rights. They cannot be mined.
This depends on the number of tokens that will be issued after the ICO.
If the maximum number of tokens (10 million) offered in the token sale are issued, then the number of shares issued after the ICO will total 220,257,430 shares.
If the minimum number of tokens (three million) offered in the token sale are issued, then the number of shares issued after the ICO will total 213,257,430 shares.
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Access to electronic versions of these materials is being made available by Binary Group Ltd. (“Company”) in good faith and for information purposes only. It does not constitute an offer of, or an invitation to purchase, the tokens or any securities. Making press announcements and other documents available in electronic format does not constitute, or shall not be deemed to constitute, or form part of, an offer to sell or the solicitation of an offer to buy or otherwise deal in the tokens or any other securities. Further, it does not constitute a recommendation by the Company or any other party to sell or buy tokens or any other securities.
These materials and the proposed ICO do not constitute an offer of, or an invitation to purchase, the tokens or any securities in any jurisdiction in which such offer or sale would be unlawful. In particular, unless otherwise determined by the Company, and permitted by applicable law and regulation, it is not intended that any offering of the tokens or any securities should be made, or any documentation be sent, directly or indirectly, in or into, Australia, the British Virgin Islands, Canada, Japan, Jersey, New Zealand, Singapore, South Africa, Switzerland, or the United States (“Restricted Territory”) and nor should it be accessed by any person who is a national citizen or resident of a Restricted Territory, including corporations, partnerships, or other entities created or organised in any such jurisdiction.
These materials may only be received by authorised persons (a person determined by the Company, in its sole discretion, entitled to receive the materials as prescribed by applicable laws and regulations, for example in EEA jurisdictions, pursuant to an exemption under the European Union's directive 2003/71/EC (as amended, including by directive 2010/73/EU), which includes, without limitation, the exemption relating to qualified investors (“Authorised Persons”). If an Authorised Person wishes to bid for tokens he may do so if he is registered client of Binary.com and has a Binary.com account, by which method the Company shall be able to verify his qualification as an Authorised Person. The Authorised Person who wishes to acquire tokens will make a bid. The Company will collate and assess the bids. The Company may request that bids are reconfirmed before they are considered valid for the purpose of the Company’s offer at the auction. At the auction the Company will make an offer for the tokens, which offer will be accepted (by the auction process explained in the materials) by the bids, and the consideration for the purchase of such tokens offered and accepted will be settled by credit in the Authorised Person’s Binary.com account, which evidences the contract for sale and purchase of the respective tokens.
For the avoidance of doubt (and notwithstanding anything to the contrary), these materials are not an offer for tokens; they are an invitation to treat. Tokens will may only be offered by the Company pursuant to an auction in the manner more particularly described in the ‘token auction process’ section of the materials.
Neither the United States securities and exchange commission nor any state, provincial or territorial securities commission nor any other regulatory authority of any country or jurisdiction has approved or disapproved of the proposed offer of tokens.
In regards to EEA jurisdictions, it is intended that the token offering will be made pursuant to an exemption under the European Union's directive 2003/71/EC (as amended, including by directive 2010/73/EU), which includes, without limitation, the exemption relating to qualified investors, the offer of tokens is similarly expected to be restricted to qualified or professional investors in a number of other jurisdictions; further details of such restrictions will be detailed in the offer information memorandum.
Investment in the proposed tokens is expected to involve a high degree of risk, there will be no assurance that tokenholders will be able to receive a return of their capital or any returns on their investment. Prospective investors in the tokens should carefully consider the risk factors that will be detailed in the materials.