Canada: Crypto Brokerage Netcoins Reports Record Trading Volume

BIGG Digital Assets Inc. (CSE: BIGG; OTCQB: BBKCF), owner of Netcoins a Canadian crypto brokerage is reporting that November 2020 trading volumes (purchase and sales of cryptocurrency) have exceeded CAD $23 million, setting a new monthly record.

BIGG says that the Netcoins trading platform has seen significant Month over Month and Year to Date growth on all major metrics including monthly trading volume, monthly revenues, monthly active users, assets under custody, and number of monthly transactions.

  • Monthly Trading Volumes ($CAD): 726% YTD, 60% MoM
  • Monthly Revenues ($CAD): 593% YTD, 70% MoM
  • Monthly Active Users (MAUs): 2429% YTD, 41% MoM
  • Assets Under Custody (AUC): 1087% YTD, 112% MoM
  • Number of Monthly Transactions: 2151% YTD, 63% MoM

Netcoins president, Mitchell Demeter, issued the following statement:

“The global and Canadian cryptocurrency markets have continued to mature and accelerate in 2020. Netcoins’s mission is to make it easy for everyone, new and experienced traders alike, to participate in the financial revolution of crypto. And it is working. Canadian customers are trusting us with their investing dollars, as evidenced by 112% Assets Under Custody growth in a single month. They are also trading a lot more, with 40% more active users in a month performing 63% more transactions (MoM). We look forward to providing further updates to our shareholders in the near future.”

BIGG’s current market cap is around USD $40 million, trading around a 52 week high.

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