Last checked at 12 Feb 2021 07:00
Mode Global Holdings PLC
Mode officially launches its Android app and updates on January trading volumes
· Mode confirms launch of much-anticipated Android app
· Android launch set to accelerate Mode's customer growth
· Trading volumes hit new high in January, 130% surge from December 2020
Mode Global Holdings PLC ("LSE:MODE") announces that it has officially launched its much-anticipated Android app, expected to attract thousands of new customers over the coming weeks.
The new Android app, which offers the same core features as its existing highly-popular iOS version, enables customers to easily sign up, make free and instant GBP bank transfers and Open Banking top ups in British pounds, and start buying Bitcoin in just minutes. Thanks to Mode's popular Bitcoin Jar product, customers will also be able to get rewarded for holding their Bitcoin.
Janis Legler, Chief Product Officer at Mode, said: "After the initial launch of the Mode app on iOS, it quickly became apparent that we needed to release an Android version as soon as possible to satisfy the untapped demand from retail investors for our easy-to-use Bitcoin product. For the past few months, the engineering and design teams have been working really hard to deliver an experience that feels special on Android, yet still unmistakably Mode. We're excited that the time has finally come, and we couldn't be happier to be able to finally bring the Mode experience to everyone."
Mode has launched the UK's easiest and fastest way to buy, hold and grow Bitcoin, all in one place. The Mode app, which saw its customer numbers grow by 500% from August to December and ranked no2 in the App Store's UK finance category, has proven highly popular amongst first-time Bitcoin investors, as the app's simplicity and ease-of-use makes it perfect for those starting out their cryptocurrency journey.
Jonathan Rowland, Executive Chairman at Mode, said: "Releasing the Android app is a very exciting milestone for the development and expansion of Mode. We have estimated that Android users represent more than half of the cryptocurrency population, presenting a much wider market size to scale and the opportunity to significantly accelerate our user growth. Today marks another key step in our mission to provide investors with access to next-generation Bitcoin products."
Mode reports that January was another record-breaking month in terms of Bitcoin traded on Mode, with volumes growing by more than 130% compared to December 2020. Since August, Mode's trading volumes have grown 110% month-on-month.
To celebrate the launch of Android, Mode is increasing its referral program fee from £10 to £20 for 30 days, which means users on both Android and iOS can invite their friends to Mode and earn £20 worth of Bitcoin each. T&Cs apply and are available via https://modeapp.com/referral-program-terms/.
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Contact
Maitland/AMO (PR): James Isola/Kate Pledger Mode@maitland.co.uk