BIGG Digital Assets Inc. (CSE: BIGG), owner of Netcoins as well as Netcoins USA (Netcoins.com), the online crypto trading platform that makes it easy for North Americans to buy, sell, and stake cryptocurrency, is pleased to “update investors on its recent trading and platform performance as the crypto market rises.”
Netcoins Crypto Trading Platform (CTP) continues to grow its customer base
With crypto market conditions steadily “improving throughout 2023, Netcoins has seen consistent trading volumes.”
Most recently, the crypto market has “seen significant gains from Bitcoin (BTC), Ethereum (ETH) and a surge amongst a number of alt-coins. With momentum gaining around a number of BTC and ETH ETF Filings in the United States ahead of the April Bitcoin halving, the market is showing signals of renewed interest in crypto trading and investing.”
Netcoins has continued to “see growth in the platforms’ Assets under Custody (AUC). As of November 15, 2023. Netcoins total Assets under Custody is $81.2 Million. Netcoins has seen double digit growth month over month from September through October, with a rise in AUC of $10M during each month.”
Monthly trading volumes have “increased significantly. In October, Netcoins saw $22M in overall trading volume on the platform. For the first 15 days of November, Netcoins has seen over $25M in trading volume on the platform, and will have its largest volume month of the year. Over $225M worth of crypto assets have been traded on the Netcoins platform year to date (YTD), which shows the stability and liquidity of the operation.”
Netcoins President Fraser Matthews said:
“Netcoins has seen growth in Retail, Corporate and ATM Operator clients which has significantly boosted trading volumes. We believe that our continued growth is fueled by our ability to engage with clients in a meaningful way, offering hands on service”
Netcoins OTC trading is off to a strong start in North America
At the start of October, Netcoins hired Andrew Bulman “as its North American Lead for Netcoins OTC Sales and Trading.
Just 6 weeks into the launch of the desk Netcoins OTC has seen a deal flow of over $12.6M with significant momentum created heading into the month of November.
Netcoins Staking continues to expand its adoption rate
Netcoins Staking has seen “increasing adoption of staking since launching the service on May 31, 2023. As of November 15, 2023, 11.3% of client ETH holdings are staked. This represents a steady increase since June 2023 when Netcoins saw 6.5% of client ETH holdings staked.”
Netcoins Pay has reportedly “seen large transaction volumes and tremendous benefits for users.”
Netcoins Pay is a free debit card “with no credit required allowing registered Netcoins Canada users to make every day purchases using their card wherever Mastercard is accepted.”
Netcoins offers “a 1% Bitcoin reward to its customers for every dollar that they spend using the card.”