Arcane Crypto secures Nasdaq listing

Nordic Bitcoin firm Arcane Crypto has completed its takeover of Vertical Ventures AB whilst being listed on Sweden's Nasdaq First North

Norway-based Bitcoin company, Arcane Crypto, has finalised its listing on Sweden’s Nasdaq First North under the new ARCANE ticker.

The listing comes after a reverse takeover of Vertical Ventures AB, cementing Arcan’s position as a Nordic powerhouse in crypto.

Arcane hopes to become a leading full service digital asset platform in Europe, bridging the gap between the new digital economy and traditional markets.

It is seeking to capitalise on increasing interest from institutions that are looking to invest in cryptocurrencies.

Arcane owns and has invested in a range of crypto and payments companies including a full-service research team, Arcane Research, an interbank crypto trading platform, Pure Digital, as well as a crypto hedge fund, a media news portal and a derivatives trading platform.

Commenting on the acquisition, Torbjørn Bull Jenssen, CEO, Arcane Crypto AB, said: “This listing marks a new chapter for Arcane Crypto on our journey towards a future where traditional and digital finance have merged into one.

“We are in a great position to not only grow with the market, but also take a leading role in developing and helping to mature certain parts of the market.

“We will continue our ecosystem approach of bringing the different parts of the value chain under the same roof to realise synergies, and expect to take an active role in M&A.”

For more news, guides and cryptocurrency analysis, click here.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

Bitcoin enters critical month of its bull market

Next Article

Tether receives remaining $550 million Bitfinex loan payment

Read More Related articles