- BIGG Digital Assets (BIGG) subsidiary Netcoins exceeded its C$100,000 daily revenue threshold for the first time
- Netcoins president Mitchell Demeter says daily verified customer onboarding has quadrupled since December, 2020
- Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency accessible to the mass consumer and investor
- 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 20.16 per cent and is currently trading at C$1.03 per share
BIGG Digital Assets (BIGG) subsidiary Netcoins exceeded its C$100,000 daily revenue threshold for the first time on February 22, 2021.
The Netcoins revenue model is solely dependent on trading, where a percentage of every trade is booked as revenue, regardless of the price of the underlying crypto asset being traded.
Highly volatile days for crypto assets drive higher trading volumes and higher revenues even if the assets are trending downward.
Netcoins president, Mitchell Demeter, commented, “We are excited to see Netcoins cross the daily $100k revenue mark for the first time. We have seen a steady increase in daily volume and revenue all year, but this is a great watermark to hit.”
He added that, “Our daily verified customer onboarding has quadrupled since December, and our customers are trading in higher volumes. Our product continues to evolve and our customer feedback has been overwhelmingly positive around product ease of use. We look forward to providing more updates to shareholders in the near future.”
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety.
BIGG Digital Assets believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision, such as Netcoins (netcoins.ca) and Blockchain Intelligence Group (blockchaingroup.io).
BIGG Digital Assets (BIGG) is down 20.16 per cent and is currently trading at C$1.03 per share as of 9:58 am EST.
