Mogo: Rises after bitcoin transaction volume more than doubles in Nov

Orion Digital

01/12/2020 16:46

** U.S.-listed shares of the mortgage-focused fintech co
 MOGO.O  are up 4.71% at $3.04
    ** Company says Bitcoin transaction volume rose 135%
month-over-month in November
    ** "The strong performance of bitcoin and its growing
credibility as an asset class have fuelled rapid growth in
transaction volume and new bitcoin accounts on the Mogo
platform" - CEO
    ** MOGO launched MogoCrypto1 in 2018, which allows users to
buy and sell bitcoin in real-time through the Mogo app 
    ** Bitcoin  BTC=BTSP  hit an all-time high of $19,864.15 on
Monday 
    ** Shares have risen 18.45% YTD
    

 (Reporting by Sohini Podder in Bengaluru)
 ((Sohini.podder@thomsonreuters.com))