Stockholm IT Ventures' Subsidary Blocktrade Technologies Announces Strong Trading Results

Stockholm IT Ventures' Subsidary Blocktrade Technologies Announces Strong Trading Results

PR Newswire

STOCKHOLM, Nov. 6, 2018

STOCKHOLM, Nov. 6, 2018 /PRNewswire/ --

Stockholm IT Ventures AB'S (Frankfurt Stock Exchange: SVAB) (ISIN: SE0006027546) 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://www.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

Contact:

E-mail: info@stockholmit.co
Phone: +46-10-138-86-44

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