Mode Global Holdings PLC (LON:MODE), the LSE-listed Fintech Group, has announced 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
