BIGG Digital Assets Inc. (“
BIGG”
or the “
Company”)
(TSXV: BIGG; OTCQX:
BBKCF; WKN: A2PS9W), a leading innovator in the digital
assets space and owner of Netcoins, Blockchain Intelligence Group,
and TerraZero, announces Netcoins is seeing record-breaking trading
activity on its Canadian trading platform during November.
- Netcoins
trading volume exceeded $100m CAD in November, largely driven by
Bitcoin price appreciation and a momentous shift to a positive
crypto sentiment in the industry
- Netcoins
generated over $1,500,000 CAD in revenue during November, its
second-highest month of the year, while Operating Costs are
anticipated to be consistent with previous months of 2024
- Bitcoin
has seen sharp increases in price since the US elections, reaching
$140,000 CAD / $99,000 USD in value. Several crypto assets are
seeing major gains in the market, including XRP, SOL, ADA and
HBAR
- Netcoins
currently has customer Assets Under Custody of ~$174.9M (an
increase of 63% over Q3 2024 and up 181% from Q3 2023)
- BIGG
Digital Assets holds 100 Bitcoin on its Balance Sheet
“The crypto market has seen tremendous growth
following the United States Presidential election. Bitcoin itself
has seen a 40% rise in value since the election, and could
potentially surpass $100,000 USD in value”, said Netcoins CEO
Fraser Matthews. The trading volume for November has been over
$100m CAD. Based on this volume, Netcoins has generated $1.5m CAD
in revenue, a 240% increase over November 2023. We have seen growth
in trading volumes, client registrations and assets under
custody.”
“As we head toward the end of 2024, our team is
working hard to deliver an upgraded version of our Web Application
that will include Trading View and advanced metrics. We are setting
the foundation for new products and services to be launched in
2025”, said Mr. Matthews. “We want to be the home for advanced
retail trading and ensure our clients have all the information and
tools they need to build their crypto investment portfolios.”
Full financial results for the period will be
included in the Fiscal Q4 2024 figures, and released as part of our
audited financial statements for the fiscal year ended December 31,
2024.
For more information, please visit:
www.biggdigitalassets.com or www.netcoins.com.
Dan ReitzikInterim
CEOir@biggdigitalassets.com778.819.3890
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 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 a deep-rooted expertise in
visualizing digital assets and market related activities. This
expertise is leveraged to monitor transactional data with a
constant eye to assisting 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. It has a robust product offering with over 50 assets
for Crypto Trading, Netcoins Pay Mastercard, and Staking (Canada
Only). Netcoins facilitates crypto trading via its cutting-edge
Mobile and Web applications, Direct Trade API, and 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
StatementsCertain 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, the expected adoption and growth
of cryptocurrency and the Company’s products and services,
potential new products and services to be launched in 2025, the
potential increase in the price of bitcoin, 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.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
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