Netcoins announces unaudited Q1 2024 Results - Seite 2

Q1 2024 Netcoins USA Highlights:

• Netcoins USA signed an agreement with Zero Hash to expand across 48 states, with over 60 crypto assets available for trading in 2024. Netcoins will continue to operate as usual before cutting over to the Zero Hash licensing and infrastructure in the USA.
• Netcoins USA will provide services to high-net-worth individuals and corporate clients through a bespoke client management support model. To expedite the growth of this segment, Netcoins USA expects to expand its Sales Team in Q2 2024, with a focus on hiring in the US market.

“We are excited about the opportunity to further tap into the US market and to service the high net worth, corporate and small business client segments. Partnering with Zero Hash, an experienced crypto infrastructure provider, enables us to rapidly launch across 48 states while minimizing our regulatory and operational overhead. This arrangement allows our teams to fully focus on new client acquisition while providing industry-leading experiences for our existing client base,” said Netcoins Chief Operating Officer, Kim Dwyer.

Q1 2024 Netcoins Canada Crypto Staking Highlights:

• Netcoins Staking Assets Under Management over $3.6 million ETH.
• Netcoins Staking program added SOL and ATOM which launched on March 26, 2024.
• To celebrate the addition of these assets, Netcoins Canada will offer No Fee* Staking for both SOL and ATOM in 2024. This staking promotion allows users to increase rewards earned on SOL and ETH by choosing Netcoins as their Staking service provider.
  

*Offer terms and conditions apply

"We are evolving as a diversified digital asset company, seeking to capitalize upon inherent, existing synergies in our operating businesses and expanding our presence in the crypto ecosystem," said BIGG Digital Assets Interim CEO Dan Reitzik. “BIGG’s recent successful financing is a testament to the strength, resilience and growth prospects of its businesses. The financing enhances BIGG’s financial flexibility, key for executing our strategic growth plans and generating long-term shareholder value. We are well capitalized, with current combined cash and crypto holdings of approximately $30 million. Until recently share prices of crypto-related stocks were directly correlated with the rise and fall of crypto prices, regardless of the business itself. Moving forward, we believe that publicly traded crypto companies will likely be valued not just by the overall crypto markets and crypto prices but also similarly to traditional high-growth technology companies; based on revenues, growth, product offerings, etc. We are pleased with Netcoins’ Q1 2024 results and are focused on all of BIGG’s divisions to follow suit with expected user growth and launching of new products and services aimed at larger audiences.”