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BIGG Digital Assets (CSE:BIGG) subsidiary Netcoins announces fourfold revenue increase in Q1 2021
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  • BIGG Digital Assets announces record quarterly revenue of C$4.6 million for Q2 2021
  • Netcoins revenue was ~$4.2M for Q2, representing 26 per cent QoQ growth
  • Individual transactions/trades grew by 32 per cent QoQ and 1400 per cent YoY
  • All figures are preliminary and unaudited and subject to final adjustments
  • BIGG Digital Assets invests in products and companies to support the future of crypto as a safe, compliant and regulated environment
  • Netcoins is an online cryptocurrency brokerage
  • BIGG Digital Assets Inc. (BIGG) opened trading at $0.87 per share

BIGG Digital Assets is pleased to announce record quarterly revenue of C$4.6 million for Q2 2021.

Netcoins revenue was ~$4.2M for Q2, representing 26 per cent QoQ growth, and over 1900 per cent YoY growth.

Additional key highlights:

  • Active users reached ~19,000 during Q2, growing 40 per cent QoQ, and 1880 per cent YoY
  • Registered users now exceed 80,000
  • Individual transactions/trades grew by 32 per cent QoQ and 1400 per cent YoY

For Blockchain Intelligence Growth, revenue in Q2 grew to ~$400,000, up 33 per cent QoQ.

BIGG CEO, Mark Binns commented on the results.

“BIGG Digital had an excellent Q2 reaching our highest quarterly revenue figure to date, with substantial growth Quarter over Quarter, and Year over Year. Both business units, Netcoins and BIG, grew significantly in Q2 showing the strength and diversity of our revenue base. Netcoins is working to release their mobile app shortly, once Beta testing is completed, and continues to work with the CSA on their restricted dealer license.

Netcoins is also planning to launch in the US in 2H 2021 and is working on a number of new products. We will provide further details on these initiatives soon. BIG, with the recent expansion of its sales and marketing teams, including Mr. Callahan and Mr. Fasanello, is poised for a strong second half of 2021.

The crypto markets we operate in are volatile and cyclical, but BIGG continues to execute and grow its business for all shareholders. We look forward to providing full Q2 2021 financials in August.”

BIGG believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision.

All figures are preliminary and unaudited and subject to final adjustments.

Netcoins is an online cryptocurrency brokerage that allows Canadians to buy, sell and understand cryptocurrency.

BIGG Digital Assets Inc. (BIGG) opened trading at $0.87 per share.

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