We note that while Arcane Green Data generates a robust gross margin in absolute terms, it is negatively affected by high spot electricity prices in Norway. Management highlighted that at an electricity price of SEK1. This suggests that it is positioned relatively high on the cost curve versus other listed BTC miners. Consequently, Arcane Crypto expects the launch of the ETP in Q, providing an important distribution channel for the hedge fund.
Based on existing multi-asset ETPs, we expect the ETP launched by Valour and Arcane Assets may initially attract funds in the single- to mid-double-digit million-euro range although probably closer to the lower end of this range at launch.
While the company initially considered moving to a brokerage model based on spreads similar to Kaupang Krypto , it recently introduced a trading fee schedule starting at 0. Nevertheless, Arcane Crypto continues to work on a unified operational and infrastructure framework for Kaupang and Trijo, and also working with Kaupang on improving its liquidity. Trading on the Pure Digital platform expected to start in H With respect to holdings accounted for at equity which in aggregate generated a loss of SEK1.
On 1 March , Puremarkets announced a partnership with Cobalt covering FX and digital asset risk and settlement infrastructure. General disclaimer and copyright This report has been commissioned by Arcane Crypto and prepared and issued by Edison, in consideration of a fee payable by Arcane Crypto. Fees are paid upfront in cash without recourse. Edison may seek additional fees for the provision of roadshows and related IR services for the client but does not get remunerated for any investment banking services.
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Kaupang now offers a full-service brokerage solution making it easy and safe for premium clients to buy, sell and hold cryptocurrencies. Kaupangs premium service is made available to both individuals and companies who make transactions in excess of , NOK. The premium service also gives the customer access to a personal Account Manager and personal broker.
In addition to providing a secure service with high levels of support, offering custody of funds will make transactions more seamless for customers," says Torbjrn Bull Jenssen, CEO of Arcane Crypto. In addition to their automated purchase widget, they operate an OTC desk for clients who are buying and selling larger amounts of bitcoin and other cryptocurrencies, who need access to deep liquidity on a request for quote basis.
EAR TO THE GROUND BETTING TIPS TWITTER DONALD
Pressmeddelanden Arcane Crypto: Arcane Crypto completes the acquisition of Kaupang Krypto AS and resolves on a directed set-off issue of shares to the seller Bulltech AS following the acquisition Arcane Crypto completes the acquisition of Kaupang Krypto AS and resolves on a directed set-off issue of shares to the seller Bulltech AS following the acquisition Arcane Crypto AB "Arcane Crypto" or the "Company" has, on 13 October , announced that the Company's now subsidiary Arcane Crypto AS had entered into a share purchase agreement regarding the acquisition of all shares in Kaupang Krypto AS "Kaupang" from Bulltech AS the "Seller" , in which the consideration consists mainly of i NOK 1,, in cash and ii NOK 18,, to be set-off against ,, shares the "Consideration Shares" in Arcane Crypto based on the volume-weighted average price of Arcane Crypto's share sixty 60 trading days preceding signing of the share purchase agreement.
Closing of the transaction and issuance of the Consideration Shares has today been completed through a directed set-off issue of shares. There are strong synergies with several other parts of Arcane Crypto, particularly our payment software Teslacoil. Strategically, Kaupang together with Arcane Crypto will focus the larger and corporate clients, offering deep liquidity, a premium service and payment functionality.
Furthermore, by leveraging Kaupang as a regulated-on ramp, combining their open banking integration with lighting transactions through Teslacoil, we will be able to build solutions where the user can both pay and receive bitcoin straight from or to their bank account. About Kaupang Krypto Kaupang operates as a broker registered with Finanstilsynet and has the largest selection of cryptocurrencies in the Norwegian market. In addition to their automated purchase widget, they operate an OTC desk for clients who are buying and selling larger amounts of bitcoin and other crypto currencies, who needs access to deep liquidity on a request for quote basis.
Kaupang is currently experiencing high growth, and increased interest in is offering. Since the announcement of the share purchase agreement, Kaupang has implemented an open banking integration for a better payment experience and rolled out a new front end.
Going forward, Kaupang is currently setting up a wallet service and will launch a dedicated pro user experience for its large and corporate clients. Kaupang is also adding payment functionality and support for bitcoin lightning transactions, through the use of Teslacoil, a payment processor software, developed by Arcane Crypto. Kaupang operates as a broker with is counterpart in all transactions and generates net revenue through applying a spread on all transaction.
Kaupang is currently experiencing high growth, and increased interest in is offering. Since the announcement of the share purchase agreement, Kaupang has implemented an open banking integration for a better payment experience and rolled out a new front end. Going forward, Kaupang is currently setting up a wallet service and will launch a dedicated pro user experience for its large and corporate clients.
Kaupang is also adding payment functionality and support for bitcoin lightning transactions, through the use of Teslacoil, a payment processor software, developed by Arcane Crypto. Kaupang operates as a broker with is counterpart in all transactions and generates net revenue through applying a spread on all transaction.
This operation model creates flexibility allowing a tailor-made approach to large clients, payment related flow and altcoins. As the closing conditions under the share purchase agreement have been met, the Board of Directors of Arcane Crypto has today resolved on and completed a directed set-off issue of shares in Arcane Crypto to the Seller in order to settle the Consideration Shares.
By virtue of the authorisation from the Extraordinary General Meeting of the shareholders held on 11 January , the Board of Directors of Arcane Crypto has resolved on and completed a directed set-off issue of ,, shares. The right to subscribe has, with deviation from the shareholders' preferential rights, been given to the Seller of Kaupang, i. The reason for the deviation from the shareholders' preferential rights is to fulfil the Company's obligations towards the Seller under the share purchase agreement and thus set-off the Seller's claim regarding most of the purchase price for Kaupang.
Payment was made by way of set-off of the Seller's claim under the share purchase agreement, which corresponds to a subscription price of SEK 0.
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