1.3 Market Overview

According to the utmost conservative estimates, the volume for the world market of binary options is at least $30 billion per year, with almost $5 billion yearly in Japan alone. Exact estimation of this figure is not easy to obtain since in most countries there is no reliable data on the binary options market turnover because of its extreme shadiness and untruthfulness as well as the lack of clearing from the overwhelming number of brokers.

Nonetheless, these days, binary options are no longer popular. Instead of building a user-centric, long lasting system for people to enjoy and benefit from, binary options have been often used to scam traders.

Thus, despite the huge budgets spent on advertising, traditional binary options have lost credibility. In some countries, they were given a semi-legal status. And even though there are no alternatives on the market, over the past three years there has been a significant decrease in brokers‟ revenues