REG - Mode Global Holdings - Mode adds new tokens

R8 Capital InvestmentsAnnouncement

27/10/2022 13:00

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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 mode@mrm-london.com (mailto:mode@mrm-london.com)

 

 

-ENDS-

 

 

Enquiries

 

 Mode Global Holdings PLC  Via IFC

 Rita Liu (CEO)

 IFC Advisory Ltd          +44 (0) 203 934 663

 Financial PR & IR

 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

 

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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