BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins and Netcoins USA, the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell and stake cryptocurrency, and Blockchain Intelligence Group, a developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased “to report Q2 2023 financial results.”
All figures are “in Canadian Dollars (CAD) unless otherwise stated.”
Q2 2023 Highlights:
- Gross operating revenue of $1.35M, with $1.02M for Netcoins and $0.33M for Blockchain Intelligence Group
- Netcoins added Etheruem staking in Q2, achieving over $1.1M staked to date
- Netcoins added 1Inch, dYdX, Loopring, Pax Gold and Render coins for trading, reaching 42 total coins available in Canada
- Netcoins USA is now operational in 17 states
- Blockchain Intelligence Group added Compliance Suite support for Ethereum Classic (ETC) and Binance Smart Chain (BSC)
- Blockchain Intelligence Group also added Investigation Graph (iGraph) support for TRC-10 tokens
- Blockchain Intelligence Group launched its Advanced Ethereum Course – CCIE
- Cash and crypto in treasury of $12.3M at June 30, 2023; no debt
Highlights Subsequent to June 30, 2023:
- Netcoins currently has customer Assets Under Custody of ~$66M
- Netcoins registered users has reached ~209,000
- Blockchain Intelligence Group now supports multiple delivery models: SaaS (existing), On Premise and Hybrid.
BIGG announced the signing of “a definitive amalgamation agreement to acquire 100% of TerraZero.”
The transaction is expected “to bring over $5M in cash to BIGG upon closing.”
Selected financial and operating information “should be read in conjunction with BIGG’s unaudited condensed consolidated interim financial statements and related Management’s Discussion and Analysis for the six months ended June 30, 2023, available at www.sedar.com.”
As covered, BIGG Digital Assets Inc. 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 “builds technology to power compliance and intelligence for the crypto future.”
Banks and crypto companies depend “on their technology to monitor risk from crypto transactions.” Investigators and law enforcement quickly “identify and track illicit activity.”
Blockchain Intelligence Group is “trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments.”