The examination of a potential partnership between Avanza and Safello regarding crypto assets is canceled by Avanza
Stockholm, 16 June 2022 | On 14 March 2022 Safello AB (a wholly owned subsidiary of Safello Group AB) and Avanza Bank AB (a wholly owned subsidiary to Avanza Bank Holding AB) entered into a Letter of Intent (LOI) regarding a potential partnership relating to cryptocurrency services. The ambition with the LOI was to examine a potential partnership regarding distribution of Safello’s cryptocurrency services via Avanza’s platform. Safello has now been informed by Avanza that Avanza has decided to cancel the process. The reason for the termination is that awaiting further regulation the