Mode Global Holdings PLC - fintech technology - Reports a new record-breaking month in December with trading volumes and new user numbers surging over 1,500% and 500% respectively since August, as Bitcoin extends its historical, record-breaking rally. Bitcoin began 2021 strongly by breaking through the USD30,000 mark for the first time. Mode says in first few days of January, sees 40% increase in user growth numbers compared to December.
"The last few months for Mode have been exceptional as we have reached record growth rates. We've been particularly popular amongst first-time Bitcoin investors which caused our Bitcoin app to make it to the top 2 in the UK's App Store finance category in December, surpassing most high-street banking and fintech apps," says Chief Product Officer Janis Legler.
Current stock price: 48.0 pence
Year-to-date change: up 12%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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R8 Capital Inv (MODE)