LONDON, UK: Mode Global Holdings (LSE: MODE), the LSE-listed fintech group, has received confirmation from the FCA that Mode can add multi-tokens to the Mode App.
Launching later this year, Mode will be gradually adding 10 new tokens to its platform for users to buy and sell. These are: Ethereum, Cardano, Solana, Polygon, British Pound Tether, Polkadot, Dogecoin, Cosmos, USD Coin and Tether. These tokens will be made available through a phased approach.
Rita Liu, Mode CEO, comments: “This expansion of tokens available on the platform will be a significant milestone for Mode, and the FCA’s regulatory approval is, we believe, a testament to our secure and well-governed infrastructure, which makes this token expansion possible.
We’ve created a safe and compliant ecosystem that allows people to interact with Bitcoin, actively or passively – however they choose. The fact that we can now extend this to more tokens is exciting – both for our growing user base and the cryptosphere more broadly.
A key to wider adoption and integration is exposure. Therefore, our ability to offer more tokens to users on the platform will help users diversify their investment portfolios and, at the same time, enhances our product offering.”
The addition of new tokens to the platform is just the latest innovation Mode has introduced to its users this year, following an expanded affiliate cashback programme that allows users to earn Bitcoin cashback from hundreds of retailers, as announced in May this year. Mode has also seen successful Bitcoin payroll partnerships launched with Heroes and Lano in February and May, respectively this year, indicating an increasing demand for crypto exposure despite market volatility.
On the business-to-business side, Mode has been working with retailers to help cut transaction costs, and by accepting payment through Mode, retailers can save on these transaction costs, receive funds instantly, speed up cash flow, and make transactions cheaper. Mode’s reward solution also helps businesses reward customers in Bitcoin. With more tokens being brought onto the platform soon, Mode will be in a position to improve and expand all these user cases so that both customers and businesses can have wider choice.