- BIGG Digital Assets (BIGG) subsidiary Netcoins’ quarterly revenue grew by 337 per cent (or 4.4x) to C$3.4 million in Q1 2021
- Trading volumes also set a quarterly record growing by 266 per cent (or 3.7x) to $264 million
- New subscribers grew by 236 per cent (or 3.4x) quarter-over-quarter
- Assets under custody grew by 227 per cent (or 3.3x) quarter-over-quarter
- Netcoins continues to actively engage with the BCSC and CSA on its pending Restricted Dealer License
- BIGG Digital Assets invests in products and companies to support the future of crypto as a safe, compliant and regulated environment
- BIGG Digital Assets (BIGG) is down by 12.78 per cent and is currently trading at $3.48 per share
BIGG Digital Assets (BIGG) subsidiary Netcoins’ quarterly revenue grew by 337 per cent (or 4.4x) to C$3.4 million in Q1 2021.
Trading volumes also set a quarterly record growing by 266 per cent (or 3.7x) to $264 million, which works out to 1,950 per cent year-over-year.
Other key metrics:
- New subscribers grew by 236 per cent (or 3.4x) quarter-over-quarter and 853 per cent year-over-year
- Assets under custody grew by 227 per cent (or 3.3x) quarter-over-quarter
- Daily verified users with full KYC grew by 229 per cent (or 3.3x) quarter-over-quarter
- Trading margins continue to track above 1 per cent
Netcoins has expanded its marketing programs across Canada with national TV ads, national radio ads and a wide range of social media and social influencer promotion.
The company also continues to engage with the BCSC and CSA on its pending Restricted Dealer License.
Mitchell Demeter, Netcoins President, remarked,
“Netcoins had a great Q1, with very significant volume and revenue increases, along with product enhancements and customer support expansion. We are also actively laying the groundwork for future geographical expansion, regulatory approvals and strategic partnerships. We look forward to providing more updates to shareholders in the near future.”
Netcoins’ revenue continued its uptrend in the first half of April growing by 42 per cent over March 1-15, with transaction volume growing by 44 per cent over the same period.
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 believes the future of crypto is a safe, compliant and regulated environment. The company invests in products and companies to support this vision such as Netcoins and Blockchain Intelligence Group.
BIGG Digital Assets (BIGG) is down by 12.78 per cent and is currently trading at $3.48 per share as of 10:04 am ET.
