Mode adds new tokens

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 £20, 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 [e-mail]

-ENDS-

Enquiries

Mode Global Holdings PLC Rita Liu (CEO)	Via IFC
IFC Advisory Ltd Financial PR & IR Graham Herring Tim Metcalfe Zach Cohen	[phone]

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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