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Bullboard - Stock Discussion Forum Mogo Inc T.MOGO

Alternate Symbol(s):  MOGO

Financial Services Credit Services Blockchain
Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company... see more

TSX:MOGO - Post Discussion

Mogo Inc > Seeking Alpha - MOGO
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Post by ndiamond on Feb 01, 2021 4:33pm

Seeking Alpha - MOGO

Mogo reports 141% growth in January new bitcoin account additions

Feb. 01, 2021 8:56 AM ETMogo Inc. (MOGO)By: Khyathi Dalal, SA News Editor
  • Mogo (NASDAQ:MOGO) increased 3.1% in premarket trade after reporting strong M/M growth in January bitcoin account led by rising Canadians seeking access to the emerging digital asset; new bitcoin account additions reported a 141% increase.
  • It posted a 323% M/M increase in the dollar value of bitcoin traded on the Mogo platform in January.
  • With a strong uptake in MogoCrypto, the company expects that it could represent a meaningful component of its Subscription & Services revenue growth in 2021.
  • "We believe this product offers significant long-term growth opportunity for Mogo. There are $13T+ in assets held by Canadians and, while bitcoin continues to gain credibility as an asset class, the majority of Canadians do not own or have exposure to it," founder & CEO David Feller commented.
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