Last checked at 17 Nov 2021 07:00
Mode Global Holdings PLC
("Mode" or "the Company" or "the Group")
Mode launches 0% trading fees and partners with Bitcoin investor, Anthony Pompliano
- Mode to lower trading fees to 0% as part of a strategic move to attract new customers and further remove barriers associated with buying Bitcoin
- Mode to become one of the most competitive apps to buy Bitcoin in the market
- The Company also partners with influential Bitcoin investor Anthony Pompliano
Mode Global Holdings PLC (LSE:MODE), the LSE-listed Fintech Group, announces that from today customers will be able to enjoy 0% trading fees when buying and selling Bitcoin, as part of a limited time campaign to make Bitcoin more accessible to millions across the UK.
From today, the 17th November until 31st December 2021, Mode will be removing its 0.99% trading fee, instead offering users 0% in trading fees when they buy and sell Bitcoin via the Mode app.
Bitcoin trading fees have reached highs of 4.99%, resulting in significant additional costs for cryptocurrency investors. The elimination of fees aims to remove pain points in the adoption of Bitcoin, particularly for new entrants, establishing Mode as one of the most competitive Bitcoin wallets in the UK market, as well as increasing its user base and trading volumes.
Additionally, Mode has partnered with entrepreneur, investor and host of The Pomp Podcast, Anthony Pompliano, as part of a campaign to raise Mode's brand awareness and accelerate the adoption of Bitcoin. Pompliano's podcast has reached over 30 million downloads since its launch and covers topics relating to business, finance and Bitcoin. The collaboration will see Mode working with Pompliano to tap into and expand the growing Bitcoin market.
Ryan Moore, CEO of Mode, commented: "Now more than ever we are focused on getting Bitcoin into the hands of millions. Our goal is to remove the barriers and make it appealing for new and existing Bitcoin holders to confidently enter the Bitcoin world and maximise their holdings. We've already made our app intuitive for Bitcoin newcomers, and we've pledged to reduce our carbon emissions, so that users can grow their Bitcoin without harming the environment. With this campaign, we hope to remove even more barriers and accelerate the adoption of Bitcoin in the UK."
This announcement comes after the launch of Mode's Bitcoin Cashback feature, which allows users to earn Bitcoin risk-free, by paying with Mode at its partner brands, including Myprotein, Lookfantastic and TheHut.com.
About the Pomp Podcast:
The Pomp Podcast is one of the top podcasts in business and investing. In his daily show, Pomp speaks with the most interesting voices across tech, business and finance industries. Former guests include Mark Cuban, Chamath Palihapitiya, Cathie Wood, Keith Rabois, and Michael Saylor. Listeners hear straight from billionaires, industry leaders and cultural icons on what drives their success. The show is available on anthonypompliano.com/podcast or on any platform where you get your podcasts.
About Mode:
Mode is an LSE-listed fintech company on a mission to build the world's most disruptive ecosystem where exchanging value and growing wealth is seamless for all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on this mission and offer customers in the UK a one-stop app to shop, earn and grow Bitcoin, all in one place. For businesses, Mode provides a cheaper, safer and smarter alternative to card payments that rewards shoppers with Bitcoin Cashback.
To learn more, visit our customer/business site at www.modeapp.com or our investor site at www.modeplc.com.
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Contact
Maitland/AMO (PR): Alasdair Todd or Kate Pledger: mode@maitland.co.uk