A newly launched platform that allows clients to purchase BTC and receive interest on investments is planning to extend its service to the United Kingdom.
Based on reports, this platform called Mode will likely state its plans for a £40M listing in October and plan to accumulate close to £7.5M from investors before launching.
The firm aims to list on the London stock exchange as it has previously raised about £4M. However, an official statement on the final stage is set to be released in about a month.
Jonathan Rowland, the CEO of Mode Holdings, founded an investment company in 2000, and the value of the firm on its first trading day increased above £300M on the London Stock Exchange. However, it dropped to about $67M when a new investor purchased it.
Last Month, Mode employed the previous Alipay executive, Rita Liu, to oversee its commercial strategies.
Source: Coindesk
