BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins (Netcoins.ca), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell and understand cryptocurrency, and Blockchain Intelligence Group (blockchaingroup.io), a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to “announce initial launch plans for Netcoins US operations.”
Netcoins is proud to announce its plans “to launch in the United States during Q4 2022.”
Netcoins is a crypto platform “founded in 2014 and headquartered in Vancouver, Canada.” The platform allows users “to buy Bitcoin, Ethereum, and other cryptocurrencies with 0% funding fees and free cash withdrawals.”
Following the success of its growth in Canada, Netcoins is “expanding its operations and launching in the United States to serve US domestic customers.”
Netcoins USA Inc, based in the state of Wyoming, will “begin its operations in the fourth quarter of this year and will launch its trading platform starting in four states: California, Pennsylvania, Michigan and Virginia.” With significant growth aspirations, Netcoins plans “to launch additional states in Q1 2023 pending approvals.”
During the last 6 months, the Netcoins team “has been diligently working to enhance its proposition, now with over 30 coins and a renewed focus on the user experience and customer journeys within the platform.” In addition, Netcoins has been “working on a number of leading FinTech integrations to bolster its ecosystem and create a strong foundation for its North American business.”
Netcoins will “comply with US regulations and will continue to operate as a compliance-first crypto platform that is focused on regulatory adherence and customer safety.” Netcoins will launch in the US “with a Mobile only proposition that will be available on iOS and Android.”
Prior to going live, Netcoins will “allow US customers to sign up for a mailing list on a new Netcoins US website (Netcoins.com) to get updates on state-specific launch dates, waitlists and exciting contests.”
Netcoins currently “has customer Assets Under Custody in Canada of approximately $60M.”
Netcoins registered users in Canada now “exceed 172,000.”
Netcoins will “continue using tools in Blockchain Intelligence Group’s crypto insights ecosystem: QLUE™ for investigations and BitRank Verified® for automated risk monitoring.”
Netcoins Pay will “not be available to US customers.”
Netcoins President, Fraser Matthews, commented:
“Expanding our footprint into the US gives Netcoins the opportunity to become a leading Crypto platform in North America. We are focused on highly populated and crypto friendly states. Our strategy is focused on 3 key pillars: Product, Experience and Expansion. We will look to use the momentum of this launch to drive our roadmap forward in each of these areas. We look forward to going live in this exciting and competitive market while working with our partners to deliver a safe and secure proposition for our US customers.”