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Safello Enters Into LOI With Avanza Regarding Potential Partnership In Relation to Crypto Services

Stockholm, 14  March 2022 | Sweden's leading crypto broker Safello (https://safello.com/) today announced that Safello AB (a wholly owned subsidiary of Safello Group AB) today has entered into a Letter of Intent (LOI) with Avanza Bank (https://www.avanza.se/start) AB (a wholly owned subsidiary to Avanza Bank Holding AB) regarding a potential partnership relating to cryptocurrency services. The ambition with entering into the LOI is to evaluate a potential cooperation regarding distribution of Safello's cryptocurrency services via Avanza's platform. 

"We are proud to be evaluated as a partner for Avanza in their potential crypto offering. Safello's Crypto-as-a-Service for financial institutions leverages nine years of experience in crypto compliance, custody and trading. If a partnership would be entered into with Avanza who have the market leading trading platform in Sweden, it would provide Avanza with the possibility to make available trading in cryptocurrencies on Avanza's platform in a safe and responsible way," says Frank Schuil, CEO and co-founder of Safello.

At present, there is no additional information to convey but Safello intends to inform the market of the outcome of the discussions and whether a partnership will be entered into. 

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This information is such that Safello Group AB is required to disclose in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below, for publication on 14 March 2022.

For more information, please contact
Johan Edin, CFO, ir@safello.com

Certified Adviser
Corpura Fondkommission AB, info@corpura.se,+46 722 52 34 51

Safello is Sweden's leading online cryptocurrency brokerage with the goal to make crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021.

Source: Cision
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