Stockholm IT Ventures AB, SE0006027546

Stockholm IT Ventures AB, SE0006027546

06.11.2018 - 09:03:20

Stockholm IT Ventures AB: STOCKHOLM IT VENTURES' SUBSIDARY BLOCKTRADE TECHNOLOGIES ANNOUNCES STRONG TRADING RESULTS

STOCKHOLM, SWEDEN (6 NOVEMBER 2018) - Stockholm IT Ventures AB'S (Frankfurt Stock Exchange: SVAB - ISIN SE 0006027546) subsidiary BlockTrade Technologies AB have announced the result from their first period of trading for external clients. The trading program is showing very strong results, especially considering the current conditions on the crypto currency markets.  The report shows the strength and stability of the automated AI trading program making an 11 percent profit between the 6th of October to 31st of October 2018 in a crypto currency market that has had the lowest volatility in several years and a decreasing trading volume in basically every crypto currency exchange.   "This trading model relies on the typically high volatility of the crypto currency market, so with both low volatility as well as liquidity, profits decrease - the numbers seen during this period show the worst possible environment for this type of activity and we're still seeing record-breaking results, very confidence-inspiring indeed" says Anthony Norman, CEO of Stockholm IT Ventures AB  The full report can be downloaded on Stockholm IT Ventures web site, https://stockholmit.co/.  About Stockholm IT Ventures AB Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The Company specialises in clean and efficient low-cost energy cryptocurrency mining, production and related FinTech and Blockchain technologies. For more information visit www.stockholmit.co. You can also find the Company on FacebookTwitter and LinkedIn. Details on the Company's Bytemine (BYTM) token and White Paper can be found at www.bytemine.io.Media Contact: Stockholm IT Ventures AB, Anthony Norman, media@stockholmit.co

06.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Stockholm IT Ventures AB Nybrokajen 7 111 48 Stockholm

Sweden Phone: +46 10 138 86 44 Fax: +46 85 010 9480 E-mail: info@stockholmit.co Internet: www.stockholmit.co ISIN: SE0006027546 WKN: A116BG Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

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