Mode Global Holdings PLC Mode adds new tokens (3742E)
October 27 2022 - 7:58AM
UK Regulatory
TIDMMODE
RNS Number : 3742E
Mode Global Holdings PLC
27 October 2022
Mode Global Holdings PLC
('Mode' or the 'Company')
Mode adds new tokens as it bolsters its crypto trading
offering
Mode Global Holdings PLC (LSE: MODE), the LSE-listed Fintech
Group, is pleased to announce that it is adding new cryptoassets to
the platform. Ethereum (ETH) is now available to buy and sell for
all Mode app users, with Solana and Polkadot to follow in the
following 2 weeks
Up to ten new crypto assets will be added to the Mode platform
in a phased approach, as previously confirmed by the FCA. Ethereum
(ETH) will be available to Mode users from today, following a
successful soft launch to a select number of users one weeks ago.
Initially, users will be able to trade these new tokens along with
longstanding cryptoasset Bitcoin. Other features synonymous with
Mode, such as cashback paid in crypto, the ability to pay with
crypto and getting part or all of your salary paid in crypto are
all amongst the future roadmap of the Mode platform.
As an FCA registered business and listed firm, Mode takes their
user needs very seriously, providing them with a safe and trusted
platform to engage with crypto. Slowly adding these tokens will
allow users to set their risk appetite and engage more broadly. In
addition to this, the minimum purchase requirement has now reduced
to GBP20, allowing investors to gain exposure with a small
investment.
Rita Liu, CEO of Mode Global Holdings PLC, commented:
"We established Mode with a new and disruptive business model,
using Bitcoin as the foundation. Now that our product set is
established and we've evolved, we feel it's the right time to add a
more diverse line up of tokens. When investing in traditional fiat
currency, diversifying a portfolio is important to help spread risk
and crypto is no different, so we're delighted to be able to offer
more cryptoassets to Mode users."
"We believe crypto is the future, and fast becoming an integral
part of the financial services ecosystem. Despite recent price
volatility, the sheer scale of investment both by retail and
institutional investors shows that many believe in the concept, and
now is a time for the industry to consolidate and put in place the
infrastructure to support future growth."
For more information, or to speak with Mode about the
opportunity further, please get in touch with
mode@mrm-london.com
-ENDS-
Enquiries
Mode Global Holdings PLC Via IFC
Rita Liu (CEO)
IFC Advisory Ltd
Financial PR & IR
Graham Herring
Tim Metcalfe
Zach Cohen +44 (0) 203 934 663
Notes to Editors
Mode's vision is to be the most trusted crypto company, enabling
our customers to discover, own, and utilise digital assets. As an
EMI licence holder, and a FCA registered crypto asset business,
Mode is leveraging the power of crypto and Open Banking to deliver
on this mission and offer customers in the UK a one-stop app to
shop, earn and grow their crypto, all in one place. For businesses,
Mode provides a cheaper, safer and smarter alternative to card
payments that rewards shoppers with crypto.
To learn more, visit our customer/business site at
www.modeapp.com or our investor site at www.modeplc.com.
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END
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