Mode Global Holdings, otherwise known as MODE are a LSE Listed Fin-tech company that’s primary product is facilitating the trade of crypto currencies through their phone app. Today they announced plans to list on the OTCQB market, making their shares more accessible to a broader market outside their current LSE listing.
MODE has a current market cap of over £40 million so is relatively small compared to it’s competitors who have listed in recent months however the company are beginning to receive rave reviews for their product. The increase in both liquidity as well as attention to the stock through an OTC listing will certainty help the company expand into new territories in the coming year.
Mode Executive Chairman Jonathan Rowland said: “Offering cross-trading in Mode shares on the OTCQB means that we can offer US investors the chance to participate in our exciting and ambitious plans to deliver a truly disruptive ecosystem enabled by Bitcoin and Open Banking. The move would benefit all shareholders of Mode as research shows that trading on the OTC by international companies not only raises their profile internationally but also boosts the liquidity of their shares.”
Mode Chief Investor Relations Officer Ariane Murphy said: “There is growing appetite for US investors to get involved in public companies with a cryptocurrency offering. Therefore, if our application is successful, we could be opening the doors to a significant number of new shareholders. With our strong Q1 performance and the upcoming launch of our novel Open Banking payments and loyalty solution this quarter, we believe US investors would be tapping into a highly attractive investment opportunity with enormous long-term growth potential.”
Exciting times ahead for the company!
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