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Mode Commences Trading on OTCQB Venture Market in the US
Mode Global Holdings, the LSE-listed Fintech Group, is pleased to announce it has received approval from the OTC Markets Group to commence trading on the OTCQB Venture Market (“OTCQB”) under the ticker symbol “MODGF” at the opening of today’s trading day.
The OTCQB Venture Market is a US trading platform that is operated by the OTC Markets Group with its headquarters located in New York. The Venture Market is the premier marketplace for entrepreneurial and development stage US and international companies which meet high financial standards, are current in their reporting, and undergo an annual verification and management certification process.
Admission to the OTCQB Venture Market has no impact on trading in Mode’s shares on the London Stock Exchange’s Main Market, and no new shares will be issued. Mode will have no Sarbanes-Oxley or SEC reporting requirements and will continue to rely on the announcements and disclosures it makes to the London Stock Exchange.
Ryan Moore, CEO of Mode, commented on the announcement: “Mode is delighted to hear our application has been successful. Having recently been registered as a cryptoasset firm with the FCA, the timing could not be better to open the doors to US investors. European Fintechs are seeing record interest, and we are in a great position to capitalise on this as one of the only publicly listed companies sitting at the intersection of Bitcoin, Open Banking, and Payments. The acceptance also brings enormous benefits to our existing shareholders by boosting liquidity and exposing ourselves to a broader investor audience.”
Mode’s goal is to transition the world to a truly digital financial system that reduces frictions and costs for consumers and merchants and gives digital assets the place they deserve in today’s modern economy. To date, Mode has launched a first-of-its-kind financial app in the UK that allows users to access GBP, EUR, and BTC accounts, and grow their digital assets, all in one place. For businesses, Mode offers marketing, e-commerce, and payments services for UK companies looking to attract, engage and retain high-value customers globally. Mode is an official partner of WeChat Pay and Alipay.
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