MOGO - Mogo reports 141% growth in January new bitcoin account additions

Mogo (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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Mogo reports 141% growth in January new bitcoin account additions