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Arcane Crypto Lists on Nasdaq First North After Reverse Takeover
The Norway-based investment company is now known as Arcane Crypto AB and trades as "ARCANE."
Cryptocurrency investment firm Arcane Crypto is now listed on Sweden’s Nasdaq First North following a reverse takeover of Vertical Ventures AB.
STORY CONTINUES BELOW
- The Oslo, Norway-based company is now known as Arcane Crypto AB and has started trading under the new ticker symbol “ARCANE,” it announced Friday.
- The firm's CIO, Eric Wall, tweeted that Arcane listed with a $200 million valuation.
- Arcane said, with the cryptocurrency market growing, the firm has set its sights on becoming a "full-service" digital asset platform in Europe, "bridging the gap between the new digital economy and traditional markets."
- “This listing marks a new chapter for Arcane Crypto on our journey towards a future where traditional and digital finance have merged into one,” said Torbjørn Bull Jenssen, CEO of Arcane Crypto.
Read more: Investment Firm Arcane Crypto Plans Nasdaq Nordic Listing Through $32M Reverse Takeover
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
