LOS ANGELES, Dec. 04, 2017 (GLOBE NEWSWIRE) -- The Crypto Company (CRCW), one of the first publicly traded technology companies in the digital currencies and blockchain sector, today announced that it has launched the first phase of its planned trading operations and platforms for digital currencies.
Beginning this week, the Crypto Company’s first group of traders will actively trade the most liquid cryptocurrencies using in-house capital. The Company’s full plans call for the build-out of a full-scale trading floor with high capacity for experienced crypto traders. The company is in the process of spearheading the development of high frequency trading (HFT) and program trading software platforms specifically for the cryptocurrency markets. These future phases are under development and require complex technology due to regulatory and security concerns unique to the crypto markets.
“The launch of our trading operations and the development of their underlying technology further support The Crypto Company’s value proposition as a proxy and medium for diversified exposure to the growing asset class of cryptocurrencies and blockchain technologies,” said Mike Poutre, Chairman and Chief Executive Officer of The Crypto Company. “The successful rollout of institutional trading floors and platforms across the cryptocurrency landscape will help the industry mature and inspire responsible rules and regulations.”
“The cryptocurrency markets are gaining greater liquidity every day and we believe that The Crypto Company is uniquely positioned to develop the platforms and establish the protocols required for how traders function in the 24/7/365 world of cryptocurrencies and blockchain. We look forward to rolling out additional phases of our proprietary technologies and trading operations as they are completed. We expect that the trading operations will be a positive contributor to achieving our goal of profitability in 2018,” concluded Mr. Poutre.
About The Crypto Company
The Crypto Company (CRCW), one of the first publicly traded technology companies in the digital currencies and blockchain sector, offers a portfolio of digital assets, technologies, and consulting services to the blockchain and cryptocurrency markets. Shareholders in The Crypto Company gain diversified exposure to this exponentially growing asset class. To learn more please visit www.thecryptocompany.com.
Certain information set forth herein contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of shares being offered hereunder; (iii) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company’s current agreements; and (viii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained herein are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Jeff Ramson / Stephanie Prince
PCG Advisory Group