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PRESS RELEASES
05 Nov 2018 - Arbitrade Announces They Have Secured in Excess of $10 Billion U.S. Dollars in Gold to Back Their Tokens

Confirmed today, Len Schutzman, Chairman and Chief Executive Officer of Arbitrade Ltd., on behalf of the Board of Directors, announced today via its Agency of Record for Traditional and Non-Traditional Media, Creative Management Partners LLC (CMP), that Arbitrade Ltd. has received title of gold bullion stored at independent security facilities in the amount of 395,000 kgs with a current market value in excess of $10 Billion U.S.

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31 Oct 2018 - Arbitrade Announces Acquisition of Victoria Hall Building, Hamilton, Bermuda as Its World Headquarters

Len Schutzman, Chairman of Arbitrade Ltd., on behalf of its Board of Directors, announced today via its Agency of Record for Traditional and Non-Traditional Media, Creative Management Partners LLC (CMP), that the Arbitrade group has completed the acquisition of the Victoria Hall Building located at No 6. Victoria Street, Hamilton, Bermuda, which will serve as Arbitrade Ltd. Bermuda World Headquarters.

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18 Oct 2018 - Arbitrade, Ltd. Selects AMD Radeon RX Vega 56 Nano GPUs for its Cryptocurrency Mining

CEO Len Schutzman reaffirms through their Agency of Record Creative Management Partners LLC, Beverly Hills CA.

HAMILTON, BERMUDA and BEVERLY HILLS, CA, Oct. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Announced today via its Agency of Record for Traditional and Non-Traditional Media, Creative Management Partners LLC (CMP), Arbitrade Ltd. today has selected AMD RX Vega 56 Nano graphics processing units (“GPUs”), for mining a wide variety of crypto-currencies. CoinMiner, the world’s preeminent crypto-currency mining advisory firm will install, operate and maintain the AMD GPUs in new mining rigs along with Arbitrade’s existing fleet of 7812 ASIC mining units under its strategic partnership with Arbitrade.

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07 Jun 2018 - Arbitrade Ltd. To Establish its World Headquarters in Bermuda

Mr. Leonard Schutzman, Chairman and Chief Executive Officer of Arbitrade, a leading coin and cryptocurrency exchange, said today that its home domicile will be Bermuda. In making the announcement, Chairman Schutzman said the process to winning incorporation started late last year when company representatives first met with Premier David Burt, Minister Wayne Caines, the Minister of National Security who is spearheading the introduction of crypto and digital asset legislation in Bermuda, Minister Wayne Furbert, The Junior Finance Minister, Stephen P. Gift from the Ministry of Finance, representatives from the Bermuda Monetary Authority and Bermuda Business Development Agency. “The company made numerous visits over several months and a considerable amount of work was done to securing our incorporation. Bermuda is justly regarded as the gold standard in the Fintech and Reinsurance industries globally and Arbitrade's goal was always to domicile its head office in this exacting jurisdiction before registering subsidiaries in other countries around the world,” Mr. Schutzman said.h Arbitrade.

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11 May 2018 - Arbitrade Completes the Purchase of the First of the Mandela Golden Hands Artifacts

Mr. Leonard Schutzman, Chairman and Chief Executive of Arbitrade, a leading coin and cryptocurrency exchange, said today the company had purchased the first item of the Nelson Mandela Golden Hands Collection. It was, he said, a solid gold cast of Mandela’s fist made during his lifetime by the Harmony Gold company at his home in Johannesburg in 1964.

Arbitrade had made the purchase in accordance with the contract drawn up with the seller, Mr. Malcolm Duncan, a South African businessman in March 2018, whereby the company had agreed to buy the iconic collection that includes 3 life size impressions of Mandela’s hand and 2 others of his palm and the fist. The contract calls for Arbitrade to buy one item of the collection at quarterly intervals throughout the course of this year. Eavh of the three remaining will cost $2.5 million.

Mr. Schutzman said, the company was pleased to have agreed to purchase the collection and was especially pleased to have acquired the 1964 cast of Mandela’s fist. “It’s interesting to note that when it came to casting the fist, Mandela insisted on placing his thumb next to his fingers as opposed to in front. He deemed it a less aggressive representation of his victory of apartheid. It was typical of the man.”


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10 May 2018 - Arbitrade Appoints Three New Independent Directors to Its Board

Mr. Leonard Schutzman, Chairman and Chief Executive of Arbitrade, a leading coin/cryptocurrency exchange, has announced the appointment of three new independent directors to Arbitrade's board together with two key executive appointments.

Mr. Brent M. Longnecker will serve as Chairman of the Compensation Committee. Mr. Longnecker has more than 30 years experience in consulting for public and private organizations and has built one of the country’s leading, privately held executive management consultancies, serving both domestic and international markets. Mr. Longnecker serves on the board of the National Association of Corporate Directors (NACD).

Mr. Bob DeRodes has over 45 years of experience in information technology, focused primarily in four industry sectors – banking, airlines, payments and retail. He has spent 15 years automating regional banks and was President of Sabre Development Services and CEO of Delta Technologies. He was also CTO, Citibank Global Cards and Executive Vice President of First Data Global Operations & Technology. He served as Executive Vice President and CIO of Target Brands, Inc. Mr. DeRodes has significant experience in cyber security and has been an adviser to the CIO of Homeland Security.

Mr. William Transier has also been appointed to Arbitrade’s Board of Directors. He is Chief Executive Officer of Transier Advisors, LLC, an independent advisory firm providing services to companies facing stressed operational situations, turnaround, restructuring or in need of interim executive leadership. He was co-founder of Endeavour International Corporation, and international oil and gas exploration and production company. He also served as Chairman, Chief Executive Officer and President of Endeavour from September 2006 until December 2014 and then as non-executive Chairman until his retirement in November 2015. He was Executive Vice President and Chief Financial Officer of Ocean Energy, Inc., from March 1999 until April 2003 and served in various roles including KPMG, LLP, including that of partner in the audit department and head of its Global Energy practice, from June 1986 to April 1996. Mr. Transier is Chairman of the Board of Helix Energy Solutions Group, Inc. He has been a member of its board since September 2000 and currently serves as lead Director on the Board of Directors of two non-public companies were he is the lead independent director.

Mr. Schutzman was also pleased to announce two key senior management appointments for Arbitrade and ArbiPay, Arbitrade’s banking system subsidiary.


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08 May 2018 - Cryptobontix Launches 5500 Crypto-Mining Rigs for Token Backing

Arbitrade Ltd. is happy to announce that it is rolling out with their long-awaited launch plans and starting to reveal their operational plans of the past couple years. Arbitrade will commence its mining operations with Hayden Gill from Coin Miner LLC as the company’s leading advisor and consultant. Mr. Gill has been in the cryptocurrency mining sector for many years and has become one of the leading advisors in North America.

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27 Feb 2018  - Arbitrade and Cryptobonix Engage Global Law Firm HFW

The Boards of Arbitrade and Cryptobonix are pleased to announce they have retained HFW, a global law firm specializing in all areas of international trade and commodities. The firm will help structure and negotiate an agreement enabling the companies to back Cryptobonix tokens with gold and other precious metals.

In making the announcement, Cryptobonix Chairman, Leonard Schutzman, said, “Creating a cryptocurrency backed by precious metals is a cornerstone of our global marketing strategy. We are fortunate to have been able to engage this world class firm, so adept at dealing with international commodity law, to work with us in bringing this key objective closer to completion.”

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17 Jan 2018  - Next Group Holdings, Inc. Partners With Arbitrade Exchange Inc. in Joint Venture to Launch the World's First Prepaid Gift Card With Cryptocurrency Capability

Next Group Holdings, Inc. (OTCQB: NXGH) today announced that the Company has signed a Letter of Intent with Arbitrade Exchange Inc. to form a new Joint Venture in order to launch a co-branded Mio and Arbitrade prepaid Gift Card to become available at 30,000 SDI Next U.S. retail locations. Arbitrade will serve as the clearinghouse and exchange for Cryptocurrency transactions linked to the Company's new co-branded Mio-Arbitrade prepaid cryptocard product.

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