BIGG Digital Assets Inc. Subsidiary Netcoins Announces Daily Revenue Grew 54% Month over Month in February 2021
VANCOUVER, British Columbia, March 02, 2021 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, is pleased to announce that February 2021 daily revenues grew by an impressive 54% Month over Month (MoM), and trading volumes set another consecutive monthly record.
Further, Netcoins would like to update shareholders with the following key metrics from February:
- Monthly revenues hit a new record high of ~$1.25 million
- Monthly Active Users has grown by 41% MoM
- Assets Under Custody (AUC) has grown 69% MoM
- Daily verified users (full KYC) grew by 49% MoM
- Trading margins continue to track above 1%
Netcoins president, Mitchell Demeter, remarks “Despite February being a shorter month, Netcoins has continued to grow at an exceptionally fast pace. We are encouraged by all major metrics, particularly new customer onboarding - which increased by nearly 50% daily - which is the engine for future revenue and trading volume growth. As we head into March, we will continue to expand our marketing programs. I look forward to updating shareholders on our progress again soon.”
On behalf of the Board
About 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 owns two operating companies: Netcoins (netcoins.ca) and Blockchain Intelligence Group (blockchaingroup.io).
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. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app.
Blockchain Intelligence Group (BIG) has developed a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified, offers a “risk score” for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.