BIGG Digital Assets Inc. (“
BIGG”
or the “
Company”)
(CSE: BIGG; OTCQX:
BBKCF; WKN: A2PS9W), a leading innovator in the digital
assets space and owner of Netcoins, Blockchain Intelligence
Group, and TerraZero is pleased to report Netcoins unaudited
Q2 2024 results. All figures are in Canadian dollars (CAD) unless
otherwise stated.
- Q2 2024 recorded quarterly revenue
of $2.1 million, an increase of over 100% compared to Q2 2023
- Netcoins crypto trading platform
processed approximately $158 million in crypto trading volume in Q2
2024, compared to $56.5 million in Q2 2023
- Netcoins total cash, digital
assets, and investments were approximately $15.3 million as at June
30, 2024
- Netcoins Assets Under Custody were
over $147 million as at June 30, 2024
“Netcoins has consistently added new features
and coins to its trading platform during the first half of 2024,
adding 7 assets for Trading and 2 assets for Staking,” said
Netcoins CEO Fraser Matthews. “We have seen client and revenue
growth through our Trading API and our OTC Trading desk during the
first half of the year, allowing us to put into motion strategic
investment in these areas of the business.”
Q2 2024 Crypto Trading
Highlights:
- Registered users increased to ~232,343 during Q2 2024
- Total trading revenue increased by
~100% in Q2 2024 vs Q2 2023
- Total trading volume increased by
~180% in Q2 2024 vs Q2 2023
- Netcoins Pay Card Transaction
Volume was ~$3m in Q2 2024
“Netcoins has seen continued growth starting
from Q4 of 2023 and has benefited from several key initiatives that
it worked on during 2023. I am excited to see the continued
expansion in the United States, which sends a clear message to the
market that Netcoins is truly a North American trading platform,”
said BIGG Interim CEO Dan Reitzik.
Netcoins creates video content for its
investor community:New Coins for Trading and StakingOTC
Sales and Trading GrowthDan ReitzikInterim
CEOir@biggdigitalassets.com778.819.3890About BIGG Digital
Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the
future of crypto is a safe, compliant, and regulated environment.
BIGG invests in products and companies to support this vision. BIGG
has three portfolio companies: Netcoins (netcoins.com), Blockchain
Intelligence Group (blockchaingroup.io), and TerraZero
(terrazero.com).
Blockchain Intelligence Group
is an industry-leading digital asset forensics, anti-money
laundering detection, and cryptocurrency investigations company. At
the heart of our operations is deep expertise in visualizing
digital assets and market-related activities. This expertise is
leveraged to monitor transactional data with a constant eye to
assist our customers with risk management, due diligence, and
forensic services for digital assets. For more information please
visit our website www.BlockchainGroup.io.
Netcoins offers secure crypto
trading in Canada and the USA, with a mission to make crypto
trading easy. Netcoins has a robust product offering with over 45
assets for Crypto Trading, Netcoins Pay Mastercard and Staking
(Canada Only). Netcoins facilitates crypto trading via its
cutting-edge Mobile and Web applications and through its OTC
Trading Desk. For more information please visit our website
www.netcoins.com.
TerraZero Technologies Inc. is
a vertically integrated Metaverse development group and leading
Web3 technology company specializing in helping brands create
immersive experiences. TerraZero's Metaverse-agnostic vision is to
develop and implement products and services with scalable
commercial applications to flourish engagement across gamified
experiences where enterprise-level businesses, metaverse platforms,
and Web3 creators can seamlessly bridge and actionably grow their
virtual world and the physical world endeavours together as one.
TerraZero owns digital real estate for brands to establish a
presence in existing virtual worlds and can also offer brands their
own private worlds to provide offices and services to those
interested in the metaverse. Furthermore, TerraZero acquires,
designs, builds, and operates virtual assets and solutions to
monetize the metaverse ecosystem. TerraZero’s businesses are
segmented into five (5) divisions which include: (1) immersive
experience creation in existing or private virtual worlds; (2)
advertising; (3) data analytics; (4) events and marketing; and (5)
development of the Intraverse. TerraZero aims to support the
community, foster innovation, and drive adoption. For more
information, please visit https://terrazero.com/ or contact
hello@terrazero.com.
For more information and to register for BIGG’s
mailing list, please visit our website
at https://www.biggdigitalassets.com. Or visit SEDAR+ at
www.sedarplus.ca.
Future operating results could also be
materially affected by the price of cryptocurrency and the demand
(or lack thereof) for cryptocurrency. In addition, BIGG’s past
financial performance may not be a reliable indicator of future
performance.
Forward-Looking Statements
Certain statements in this release are
forward-looking statements or information, which include the
expected opportunities, outcomes, potential and benefits of the
Company’s products and services, evaluating, researching and
predicting market trends, the development and completion of
products and services, the launch of products and services, events,
plans, courses of action, and the potential of the Company’s
technology and operations and other matters. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Such information can generally be
identified by the use of forward-looking wording such as “may”,
“expect”, “estimate”, “anticipate”, “intend”, “believe” and
“continue” or the negative thereof or similar variations. Readers
are cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions
or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions,
known and unknown risks and uncertainties, both general and
specific, that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward-looking
statements will not occur. These assumptions, risks and
uncertainties include, among other things, the state of the economy
in general and capital markets in particular, the ability to manage
operating expenses, which may adversely affect the Company’s
financial condition, the ability to remain competitive as other
better financed competitors develop and release competitive
products, volatility in the trading price of the common shares of
the Company, the demand and pricing of cryptocurrency, the
Company’s ability to successfully define, design and release new
products in a timely manner that meet customers' needs; the ability
to attract, retain and motivate qualified personnel; competition in
the industry; and other factors, many of which are beyond the
control of BIGG. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement. Undue
reliance should not be placed on the forward-looking information
because BIGG can give no assurance that they will prove to be
correct. The securities of BIGG are considered highly speculative
due to the nature of BIGG’s business. For further information
concerning these and other risks and uncertainties, refer to the
Company’s website and filings on www.sedarplus.ca. In addition,
BIGG’s past performance may not be a reliable indicator of future
performance.
Important factors that could cause actual
results to differ materially from BIGG’s expectations include
consumer sentiment towards BIGG’s products and Cryptocurrency,
Blockchain and Metaverse technology generally, technology failures,
the lack of demand for the company’s products and services,
fluctuations in the price of cryptocurrency, the ability to
successfully define, design, and release new products in a timely
manner that meet customers’ needs; the ability to attract, retain,
and motivate qualified personnel; competition in the industry; the
ability to obtain and/or maintain licences, permits and approvals
that are necessary to operate the business; the impact of
technology changes on the products and industry; failure to develop
new and innovative products; the ability to successfully maintain
and enforce our intellectual property rights and defend third-party
claims of infringement of their intellectual property rights; the
impact of intellectual property litigation that could materially
and adversely affect the business; the ability to manage working
capital; increase in costs and expenses; the dependence on key
personnel; competition; the demand and pricing of cryptocurrencies
and NFTs (including digital assets); litigation; security threats,
including a loss/theft of NFTs, cryptocurrencies, and other assets;
and failure of counterparties to perform their contractual
obligations.
The forward-looking statements contained in this
press release are made as of the date of this press release. Except
as required by law, BIGG disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, BIGG undertakes no obligation to comment on the
expectations of or statements made by, third parties in respect of
the matters discussed above.
The CSE does not accept responsibility for the
adequacy or accuracy of the content of this Press Release.
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