Mogo (MOGO.T) has been riding high on Bitcoin’s bull run, enjoying a 135% increase month over month in the dollar value of the bitcoin trading on their platform between October and November, coming hot on the heels of their earlier announcement of Bitcoin amounts increasing 237% in Q3, 2020, over last year.

Source: stockwatch.com

MogoCrypto was launched in 2018 and touts itself as the easiest way to buy and sell bitcoin in Canada.

The bounce isn’t exactly unexpected. When Bitcoin bulls run they take everyone and everything tied to it, even in the most oblique of fashions, along for the ride. When it does poorly, these ancillary products tend to either fade quietly into the background, or die out altogether.

“The strong performance of bitcoin and its growing credibility as an asset class have fuelled rapid growth in transaction volume and new bitcoin accounts on the Mogo platform. Although bitcoin has now been around for just over 10 years, it’s still early days for this new asset class as most Canadians have yet to own it. The introduction of bitcoin trading by leading digital players in the U.S., combined with the overall rise of digital currencies, has significantly increased the interest in bitcoin among Canadian consumers,” said David Feller, Mogo’s founder and CEO.

MogoCrypto gives members the ability to buy and sell their bitcoin at real-time prices through the Mogo app. They have 24/7 access from their mobile device, which brings both convenience and accessibility to bitcoin ownership, as long as you don’t lose your phone, SIM card, and don’t put anything in the cloud. There’s free sign up and in three minutes you can have an account, and do your first trade in 30 minutes with no funding fee.

“As one of the pioneers in Canada and the only well-established publicly traded Canadian company offering a simple and low-cost way to buy and sell bitcoin, we are in a unique position to meet this rising demand through our award winning app that offers a number of innovative products to help Canadians manage their financial lives,” said Greg Feller, president and CFO of Mogo.

—Joseph Morton

Written By:

Joseph Morton

Joseph is a Vancouver-based author and journalist with both a communications degree and journalism diploma (and a few novels) under his belt. His joie de vivre is to spin difficult technical topics into more human-centric narratives. Buy him a coffee and he'll talk your ear off for hours about privacy issues, blockchain, cryptocurrency and martial arts. Don't talk to him if you're either a tomato, a bully, or if you're not a fan of either 1984 or Tender is the Night. No. You can still talk to him. Just be prepared to be told why you're wrong.

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FinTech
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Bitcoin
Bitcoin bull run
cryptocurrency
digital asset management
Mogo
Mogo app
MOGO Finance
MOGO.T
MogoCrypto
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