Mobilum Technologies Launches Updated Over-the-Counter (OTC) Crypto Trading Desk with Approximately C$20M in Transaction Volume to Date

Rhea-AI Summary

Mobilum Technologies Inc. has launched its updated Over-the-Counter (OTC) trading desk, generating approximately CAD $20 million in transaction volume. The desk caters to high net-worth individuals and institutions executing large-volume cryptocurrency orders exceeding $50,000, providing access to a deep liquidity pool and competitive rates. Key features include a variety of crypto assets, fast settlements, and no deposit/withdrawal fees, enhancing the trading experience. Mobilum's international reach positions it effectively for servicing the global Bitcoin market.

Positive

• Generated approximately CAD $20 million in transaction volume.
• Caters to high net-worth individuals and institutions executing large trades.
• Offers a deep liquidity pool and competitive trading rates.
• No deposit or withdrawal fees enhance trader satisfaction.

Negative

• None.

VANCOUVER, BC, Oct. 26, 2021 /PRNewswire/ - Mobilum Technologies Inc. ("Mobilum'' or the "Company'') (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company making traditional finance accessible through digital payment infrastructure and digital asset management technologies, is pleased to announce the launch of its updated Over-the-Counter (OTC) trading desk website, which has generated approximately CAD $20 million in transaction volume to date for the Company.

Mobilum's OTC trading desk is designed exclusively for high net-worth individuals and institutions looking to execute large-volume orders of Bitcoin and other cryptocurrencies for transactions above $50,000. Mobilum gives customers access to a deep liquidity pool, diverse selection of digital assets, and a highly personalized service that allows customers to trade high volumes with zero slippage and competitive rates.

"Mobilum's international presence sets the company up with a great framework for servicing the global Bitcoin market," said Mobilum Chief Executive Officer, Michael Vogel. "The expansion of our OTC service will allow Mobilum to service individual traders and also crypto mining companies, exchanges, and institutions looking to trade in cryptocurrencies."

Key features to ensure customers get a seamless and secure high volume trading experience include:

• A wide variety of crypto assets
• Fast settlements
• No deposit or withdrawal fees
• Highly competitive trading fees
• Personalized service with human traders

Wojciech Kaszycki, Mobilum President, "We are very pleased with the company's efforts with an updated launch of our OTC site, and see continued growth with OTC transaction volume, as the team executes against our vision to delight our customers with a secure and seamless experience."

Numbers represented above are approximations, unaudited, and subject to change for the period June 10^th 2021 through to October 25^th 2021.

For further information: please contact Soy Garipoglu, Investor Relations, (778) 990-8985 or via email at sgaripoglu@mobilum.com.

About Mobilum Technologies Inc.
Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B) a technology driven Payment Service Provider (PSP) with a mission to make traditional finance accessible through digital payment infrastructure and digital asset management technologies.  Our goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions.  Mobilum enhances shareholder value by building new technologies to manage digital assets.  Mobilum has offices in Canada, Hong Kong, Poland and Estonia.

Related Links
https://mobilum.com
https://buybitfast.com
https://xportdigital.com

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SOURCE Mobilum Technologies Inc.

FAQ

What is the recent OTC trading volume for MBLM and MBLMF?

Mobilum Technologies Inc. has reported approximately CAD $20 million in transaction volume for its OTC trading desk.

When was the updated OTC trading desk launched for MBLM and MBLMF?

The updated OTC trading desk was launched on October 26, 2021.

Who are the primary users of the OTC trading desk for MBLM and MBLMF?

The OTC trading desk is designed for high net-worth individuals and institutions looking to execute large-volume cryptocurrency transactions.

What are the benefits of Mobilum's OTC trading desk for MBLM and MBLMF?

Benefits include competitive trading rates, zero slippage, fast settlements, and no deposit or withdrawal fees.

What cryptocurrencies can be traded on Mobilum's OTC desk for MBLM and MBLMF?

The OTC trading desk offers a wide variety of crypto assets for trading.