BIGG Digital Assets Inc. Reports Financial Results For Third Quarter 2021 - Seite 2
BIGG CEO, Mark Binns, commented, “In Q3 we were pleased with the steady development of our businesses, and we continue to execute on our core business plans. Blockchain Intelligence Group revenue grew 70% YoY, and Netcoins, while having a slower summer due to industry wide trading volumes being down, experienced an impressive 462% growth YoY. We also took advantage of the recent Bitcoin price degradation, adding to our holdings which now sit with over 500 Bitcoin in treasury. BIGG’s crypto investments report an impressive $6.8M unrealized gain at the end of Q3. We also have made minority investments in three solid businesses - Wonder.fi, ZenLedger and LQwD Fintech Corp, that are becoming leaders in their respective markets. In Q3, Netcoins made the significant step of receiving the first restricted dealer license for a crypto trading platform, owned by a public company, in Canada. This license sets the stage for growth, and Platform as a Service offerings to enable 3rd parties to offer crypto trading to their customers. Netcoins also expects to launch Netcoins Pay shortly, making it even easier for our loyal customers to make everyday purchases via their Netcoins account and receive crypto rewards. Thus far in the 4th quarter of 2021, we have seen trading volumes rise significantly from the quieter summer period and we look forward to continued growth, customer acquisition and product enhancements, as well as partnership expansions.”
On behalf of the Board
Mark Binns
CEO
ir@biggdigitalassets.com
Investor Relations
Victoria Rutherford
Victoria@adcap.ca
T: 1.480.625.5772
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 is a global developer of blockchain technology building a secure future. Financial institutions and crypto companies depend on its technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. The crypto forensics technology was designed by investigators for investigators. Blockchain Intelligence Group is trusted globally by leading financial institutions, crypto companies, Fintech, Regtech, law enforcement and regulators.