CX President: “US model is the future for binary options”

Cantor Exchange President Richard Jaycobs: “US model is the future for binary options”

 

 

 

 

Cantor Exchange President Richard Jaycobs caught up with LeapRate to discuss the Cantor Exchange and the future of the binary options industry. The US binary options market remains untapped compared to the rest of the world. Jaycobs went on to explain how the Cantor Exchange is working to bring together resources from all over the world to provide Participants with a fair, neutral trading environment equipped with value-added products to enhance their trading experience.

 

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Rich Jaycobs explained,

 

“The U.S. is probably the largest undeveloped market in the world for binary options. The binary options market here is a financial market and it’s regulated as a financial market and Cantor Exchange maintains the equitable principles for all participants of a regulated market. I do think it’s going to become a globally adopted model over time.”

 

“I also believe that the U.S. model will become adopted elsewhere in the world because, in the long run, traders will migrate to trading models that have the most integrity. Moreover, regulators will likely push binary option trading in the direction of the U.S. model.”