Arcane Crypto

News

Here you can find our press releases. press releases published by Vertical Ventures prior to the Reversed Acquisition of Arcane can be found in our archive. (Only available in Swedish)

Arcane Crypto increases its ownership stake in Bitcoin derivatives platform LN Markets to 16%

Stockholm, April 16, 2021 - Arcane Crypto AS, a fully owned subsidiary of Arcane Crypto AB, (collectively "Arcane") has entered into an Investment Agreement to increase its ownership in ITOAM (IT) the owner of the Bitcoin Lightning Network based trading platform LN Markets ("LN Markets") from current 7% to 16%, by a cash investment of EUR 1,500,000.

About LN Markets

LN Markets is a trading platform built on the Bitcoin Lightning Network and uses Bitcoin, paid and settled over the Network as collateral for derivatives trading. Currently LN Markets only provides Bitcoin derivatives but will soon be expanding their product offering.

The use of instant and almost costless transactions and Bitcoin Lightning Network technology enables LN Markets to provide highly leveraged derivatives with minimal counterparty risk for traders. Using the highly liquid 24/7/365 traded bitcoin as collateral also limits the risk exposure. LN Market's set-up and APIs further enables almost anyone with a Bitcoin Wallet with Lightning technology rapid access to derivatives trading directly from their wallet. This provides LN Markets with the opportunity to scale the business globally and the team are already exploring potential partnerships.

With this new type of trading platform providing low cost and easy to use access to crypto derivates trading, LN Markets are uniquely positioned to address demand in this emerging market. Despite trading on LN Markets only launching in March 2020 they have already seen impressive growth and positive user feedback. Gross trading volume (gross derivative exposure) on LN Markets was USD 5m, USD 5m, USD 18m, USD 76m in Q2 2020, Q3 2020, Q4 2020 and Q1 2021 respectively.

In addition to the founders of LN Markets, Fulgur Ventures and the bitcoin exchange Bitfinex are also shareholders in LN Markets.

For more information about LN Markets see https://lnmarkets.com/

"We are excited about increasing our ownership stake in LN Markets. They share Arcane's belief in the unique opportunities offered by the Bitcoin Lightning Network. In our view, there is no better cases study to illustrate how extremely efficient Bitcoin collateralized trading can be when using the Lightning Network, than LN Markets" says Torbjørn Bull Jenssen, CEO of Arcane and continues "Their product is extremely scalable. After just one year in operation, they have shown the exponential growth to prove it. LN Markets is positioned to grow with the adoption of Lightning and potentially become one of the really big market players in the years ahead".

"We are very happy to strengthen our partnership with Arcane. They are building one of the most fast-growing digital assets companies globally and they share our belief that Bitcoin is the best collateral and the best infrastructure to build the future of digital finance." says Côme Jean Jarry, Co-Founder at LN Markets. "Arcane's support is instrumental to scale our offering and build the leading Bitcoin derivatives trading platform."

This information is information that Arcane is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact person, for publication on April 16, 2021 at 8:45 CET.

For further information, please contact:

Torbjørn Bull Jenssen, CEO, Arcane Crypto AB

e-mail: post@arcanecrypto.se

web: investor.arcanecrypto.se

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain for digital finance. As a group we deliver services targeting payments, investment, and trading. In addition, we have a media and research leg.

Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.

The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: ca@mangold.se, web: www.mangold.se.

About IT

IT (https://ito.am/) is building on Bitcoin to offer very low latency and highly secure trading and clearing solutions. With a deep expertise in both finance and tech, and an acute understanding of the Bitcoin disruption, our team develops inventive products and services designed for financial markets professionals.

2021-09-14

Stockholm den 14 september 2021 - Arcane Cryptos helägda dotterbolag Ijort Invest AB (Trijo) har idag som första svenska aktör lanserat en färdigutvecklad tjänst för automatiskt sparande i bitcoin, ethereum och litecoin. Tjänsten Trijo Autopilot är nästa steg i Trijos ambition att tillgängliggöra sparande i kryptovalutor på den svenska marknaden.

2021-09-14

Stockholm September 14, 2021 - Arcane Crypto's wholly-owned subsidiary Ijort Invest AB (Trijo) has today launched a service for automatic saving in bitcoin, ethereum and litecoin - becoming the first Swedish player to do so. The service Trijo Autopilot is the next step in delivering on Trijo's ambition to make savings in cryptocurrencies more available on the Swedish market.

2021-09-14

Stockholm, 14 september 2021 - Arcane Cryptos Londonbaserade intressebolag, Puremarkets Limited (Pure Digital), i vilket Arcane äger 37,5%, tillkännager i dag ett lyckat genomförande av ett handelstest på sin wholesale-handelsplattform för digitala valutor.

2021-09-14

Stockholm September 14, 2021 - Arcane Crypto's London based associated company Puremarkets Limited (trading as Pure Digital), in which Arcane has a 37.5% ownership, today announces the successful execution of a live test trade on its wholesale digital currency trading platform.

2021-09-14

Stockholm den 14 september 2021 - Arcane Cryptos helägda dotterbolag Kaupang Krypto AS har lanserat en färdigutvecklad tjänst för automatiskt sparande i alla tillgängliga kryptovalutor på plattformen. Tjänsten är högt efterfrågad bland Kaupangs kunder och hjälper till att minimera tidsrisk och administration genom automatiska köpordrar.

2021-09-14

Stockholm September 14, 2021 - Arcane Crypto's wholly-owned subsidiary Kaupang Krypto AS has today launched a service for automatic saving in all cryptocurrencies available on the platform. The automatic savings function is a highly demanded solution among Kaupang's customers and will help clients mitigate timing risk and eliminate the need to repetitively place orders.

2021-09-08
Regulatory

Stockholm, September 8, 2021 - Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, through the Company's subsidiary Arcane Green Data Services, which operates in the Arcane Green Data business unit, entered into a purchase agreement to acquire 352 Antminer s19 Pro (110 TH/s), representing a total of 38,720 Terra Hash (TH) of computing power, at a total cost of approximately SEK 35 million. The miners are expected to become operational during Q3 this year.

2021-08-30
Regulatory

The Board of Directors of Arcane Crypto AB ("Arcane Crypto" or the "Company") has today, by virtue of the authorization from the Annual General Meeting held on 21 May 2021, resolved on and carried out a directed issue of 300,925,294 units (the "Directed Issue") to a group of qualified investors with a proven interest in Arcane Crypto and the crypto currency sector. Each unit consists of one (1) share and one (1) warrant of series 2021:5. The subscription price of the units in the Directed Issue amounts to SEK 0.203 per unit, corresponding to a subscription price of SEK 0.203 per share. The warrants were issued free of charge. Each (1) warrant of series 2021:5 entitles the holder to subscribe for one (1) newly issued share in the Company during the period commencing 1 September 2021 up to and including 28 February 2022. The subscription price per share exercised through a warrant of series 2021:5 is SEK 0.2436. Through the Directed Issue Arcane Crypto will receive proceeds amounting to approximately SEK 61.1 million before deduction of transaction costs. Upon full exercise of the warrants of series 2021:5, Arcane Crypto will receive proceeds amounting to approximately an additional SEK 73.3 million.

2021-08-13
Regulatory

Second quarter of 2021 (compared to second quarter 2020)

  • Group revenue increased to 100,372 kSEK (190)
  • EBITDA was -1,484 kSEK (-1,472)
  • The result for the period was -7,056 (-1,617)
  • Adjusted result for the period was -7,056 (-1,617)
  • Earnings per share before dilution were SEK -0.001 (-0.003)
  • Earnings per share after dilution were SEK -0.001 (-0.003)

First half year 2021 (compared to first half year 2020)

  • Group revenue increased to 102,529 kSEK (308)
  • EBITDA was -12,527 kSEK (-4,369)
  • The result for the period was -143,106* (-4,510)
  • Adjusted result for the period was -16,153 (-4,510)
  • Earnings per share before dilution were SEK -0.019 (-0.008)
  • Earnings per share after dilution were SEK -0.017 (-0.008)
2021-08-09

Stockholm den 9 augusti 2021 - Arcane Crypto meddelar idag att bolaget kommer att ingå i Melanion BTC Equities Universe UCITS ETF. Den 4 augusti offentliggjorde Melanion Capital avsikten att notera ETF:en på Euronext i Paris och att den har erhållit godkännande från den franska finansmarknadsmyndigheten (AMF).

2021-08-09

Stockholm, August 9, 2021 - Arcane Crypto today informs that the company will be included in the Melanion BTC Equities Universe UCITS ETF. On August 4, Melanion Capital announced the intention to list the ETF on Euronext in Paris and that it has received necessary approval from the French Financial Markets Authority (AMF).

2021-08-05

Arcane Crypto hereby invites investors, analysts and media to a webcast presentation by CEO Torbjørn Bull Jenssen in connection with the release of the company's interim report for the second quarter 2021. The webcast will be held on Friday 13 August 2021 at 10:00 a.m. CET.

1
2
3
4
5
6

Subscribe

Press releases and reports to your E-mail