BIGG Digital Assets Inc. (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins, the online digital currency brokerage that “makes it easy for Canadians to buy, sell, and understand cryptocurrency,” and owner of Blockchain Intelligence Group, a developer of blockchain tech search, risk-scoring and data analytics services, is pleased to confirm record quarterly revenue of CAD ~$4.6 million for Q2 2021.
Netcoins revenue was approximately $4.2 million for Q2, “representing ~26% Quarter over Quarter (QoQ) growth, and over 1900% Year over Year (YoY) growth.”
Further, Netcoins reports:
- Active Users reached ~19,000 during Q2, growing 40% QoQ, and 1880% YoY
- Registered users now exceeds 80,000
- Individual Transactions/Trades grew by 32% QoQ and 1400% YoY
- Trading margins continue to track above 1%
- For Blockchain Intelligence Growth, revenue in Q2 grew to ~$400k, up 33% Quarter over Quarter
As clarified in a release, all figures shared “are preliminary and unaudited and subject to final adjustment. Numbers above do not include gains or losses on digital asset inventory.”
BIGG CEO, Mark Binns, stated:
“BIGG Digital had an excellent Q2 reaching our highest quarterly revenue figure to date, with substantial growth Quarter over Quarter, and Year over Year. Both business units, Netcoins and BIG, grew significantly in Q2 showing the strength and diversity of our revenue base. Netcoins is working to release their mobile app shortly, once Beta testing is completed, and continues to work with the CSA on their restricted dealer license.”
Binns added:
“Netcoins is also planning to launch in the US in 2H 2021, and is working on a number of new products. We will provide further details on these initiatives soon. BIG, with the recent expansion of their sales and marketing teams, including Mr. Callahan and Mr Fasanello, is poised for a strong second half of 2021. The crypto markets we operate in are volatile, and cyclical, but BIGG continues to execute and grow it’s business for all shareholders. We look forward to providing full Q2 2021 financials in August.”
As previously reported, BIGG Digital Assets Inc. believes the future of crypto is “a safe, compliant, and regulated environment.” BIGG says it invests in products and firms that support this company vision.
As covered, 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 created what they say is “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.”
BIG’s commercial product, BitRank Verified®, provides a “risk score” for cryptocurrencies, “enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.”