Total
0
Shares
BIGG Digital Assets (CSE:BIGG) subsidiary Netcoins announces strong revenue growth in April
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Netcoins revenue grew by 31 per cent month over month in April
  • Monthly revenues hit a new record high of ~$1.55 million
  • Monthly active users grew by 37% MoM
  • BIGG Digital Assets invests in companies that support a safe, compliant and regulated cryptocurrency market
  • Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency accessible to consumers and investors
  • BIGG Digital Assets (BIGG) opened trading at C$2.25 per share

Monthly revenues for Netcoins grew by 31 per cent month over month (MoM) in April.

Trading volumes set another consecutive monthly record at $147 million

Netcoins would like to update shareholders with the following key metrics from April:

  • Monthly revenues hit a new record high of ~$1.55 million
  • Monthly active users grew by 37% MoM
  • Daily verified users (full KYC) grew by 38% MoM
  • Trading margins continue to track above 1%

The numbers above do not include revenue from subsidiary Blockchain Intelligence Group, and hence do not represent complete revenues for BIGG Digital Assets Inc.

Netcoins president, Mitchell Demeter, remarked,

“In April we set another new high watermark for revenue and transactions on the Netcoins platform. Our customers continue to find amazing support from our team and product, and we continue to welcome a high volume of new customers to crypto investing and trading each month. We also continue to scale our infrastructure to support our customers with a seamless technology experience. We look forward to providing more updates as the business grows.

BIGG Digital Assets believes the future of crypto is a safe, compliant and regulated environment. BIGG Digital Assets Inc. (BIGG) invests in products and companies to support this vision. BIGG owns two operating companies: Netcoins and Blockchain Intelligence Group.

Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor.

BIGG Digital Assets (BIGG) opened trading at C$2.25 per share.

More From The Market Herald
LUXXFOLIO (CSE:LUXX) announces DTC eligibility and listing on the Börse Berlin

" LUXXFOLIO (CSE:LUXX) announces DTC eligibility and listing on the Börse Berlin

LUXXFOLIO Holdings (LUXX) has received confirmation that its common shares are now eligible to be electronically cleared and settled through the DTC.
DMG Blockchain (TSXV:DMGI) takes position in Black Box Manufacturing

" LUXXFOLIO (CSE:LUXX) lists on the Frankfurt Exchange

LUXXFOLIO Holdings (LUXX) is pleased to announce that the company’s shares are now available for trading on the Frankfurt Exchange.
Featured Video Play Icon

" HIVE (TSXV:HIVE) announces record annual revenue and earnings of US$43.5M

HIVE Blockchain Technologies (HIVE) has announced results for the full year ended March 31, 2021.
CurrencyWorks (CSE:CWRK) to launch Anthony Hopkins thriller tomorrow

" CurrencyWorks (CSE:CWRK) to launch Anthony Hopkins thriller tomorrow

CurrencyWorks’ (CWRK) NFT platform, VUELE, will launch Anthony Hopkins’ thriller ZERO CONTACT on September 24.