K33 AB (publ) (K33) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is and I'm the CEO of K33. And Q2 has been a really important quarter for the company. We have achieved our MICA license, which really forms the foundation for our further scaling and growth as we attack the European market. But to remind you all first what K33 is, because many people think we are a crypto exchange, but we're actually more than that. We are a platform built for businesses and investors. We offer professional execution with really tight spreads, no fees, and institutional grade liquidity, meaning that you can get in and out of the market with both large and small orders alike, without worrying about slippage or poor execution. We offer our clients currency flexibility. You can deposit, trade and withdraw in eight different fiat currencies, so you can avoid extra FX costs and get your accounting in your preferred currency. We offer tailored custody with multisig set up together with our clients, segregated not only from the company funds, but also from other clients' on chain auditability. We're combining this with lending, where clients can borrow money and using their Bitcoin or cryptocurrency as collateral, such that they can free up liquidity without having to sell the assets they have a long term view on. And lastly, we complement all of this with market leading research and insight to where the market is headed, dedicated support, access to real humans when you need it. Of course, you can use the platform without ever speaking to anyone. But if you have a question, we're always there to answer. And this is what we're now truly bringing out to the European market. Looking at the first half of this year, we saw kind of relatively low growth of 10% relative to last year. Q1 was pretty good, but Q2 has been extremely quiet, and the reason has...