15:57:44 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Bigg Digital Assets Inc
Symbol BIGG
Shares Issued 255,340,401
Close 2023-12-04 C$ 0.255
Market Cap C$ 65,111,802
Recent Sedar Documents

Bigg Digital Assets talks November Netcoins trading

2023-12-05 13:10 ET - News Release

Mr. Dan Reitzik reports

NETCOINS PROVIDES UPDATE ON NOVEMBER TRADING VOLUMES

Bigg Digital Assets Inc. has provided an update on the momentum in the crypto market and crypto trading results from Netcoins in November, 2023.

Netcoins saw significant trading volume in November

During the month of November it was clear that there is a change in market sentiment as investors have been allocating more capital into cryptocurrencies and crypto stocks. Crypto trading kicked off with significant uplift in December as Bitcoin (BTC) hit an 18 month high of USD$42,000, now up 150% on the year. Inflows to the crypto market have increased significantly, mirroring volumes last seen during the October 2021 bullrun.

Netcoins trading volumes and revenues have been hand in hand with this positive market movement and sentiment. Netcoins overall trading volume was up significantly in November, up nearly 93% Month over Month with over CAD$43M worth of crypto traded through the platform in November. Customer deposits rose 40% month over month as crypto investors look to get engaged with trading in the market. Netcoins saw its overall trading volume rise 27% from the prior month, a sign that the market volatility was triggering trading action on the platform.

"Netcoins customers have been very active with the recent volatility in the market and we expect to see more activity and increased trading volumes into the new year," stated Netcoins President Fraser Matthews. "We have been building a number of investor friendly features during 2023 to ensure that connected investors are on top of their game. Whether it is a Price Alert, Netcoins Coin Widget or a fully executable Limit Order, we have built out capabilities for Netcoins users to take control of their trading in real-time. We want to ensure that we can give investors real time information to help them to invest in the market as it moves. We are also seeing a rise in the popularity of our Ethereum Staking program with over 11% of Netcoins ETH holders Staking their assets."

Netcoins OTC Trading is off to a great start

During the month of November, Netcoins saw over $17.2M traded through its OTC Desk. Netcoins OTC Trading desk is focused on servicing high net worth individuals, corporates, institutions and family offices to ensure we meet their bespoke trading needs. The OTC desk also has the unique opportunity to work with clients across North America through Netcoins Inc (Canada) and Netcoins USA.

"It was a natural addition for Netcoins to start offering OTC trading services in order to give the more advanced clients; including corporate, institutional and high net worth individuals a more tailored and professional experience," said Fraser Matthews.

"Whether we're consulting with our corporate clients regarding their exposure to digital assets or working with a cross border remittance partner, our OTC suite of services provide value and allow our business to grow beyond the retail demographic," explained OTC Sales and Trading Lead Andrew Bulman.

Netcoins OTC Trading will be rolling out an API Trading solution to clients during the month of December. This product has existed within the Netcoins ecosystem for ATM Operators and will be expanded to work with Corporate and Individual clients.

Stock Option Grant

The Company announces that pursuant to its stock option plan and subject to regulatory approval, it has granted 6,054,000 incentive stock options to directors, officers, consultants and employees at an exercise price of $0.30 per common share for a five-year term. The stock options will be subject to vesting requirements over a period of up to 24 months. The securities represented by this grant will be subject to a four-month hold period.

On behalf of the Board

Dan Reitzik

Interim CEO

ir@biggdigitalassets.com

About BIGG Digital Assets Inc.

BIGG Digital Assets Inc. (BIGG) 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 is an industry leading digital asset forensics, anti-money laundering detection, and cryptocurrency investigations company. At the heart of our operations is a deep-rooted expertise in visualizing digital assets and market related activities. This expertise is leveraged to monitor transactional data with a constant eye to assisting our customers with risk management, due diligence, and forensic services for digital assets.

Netcoins offers safe and secure crypto trading in Canada and the USA, with a mission to make cryptocurrency easily accessible to the mass consumer and investor with a focus on fast, simple and transparent trading. Netcoins has a robust product offering with Crypto Trading, Netcoins Pay Mastercard and Netcoins Staking. Netcoins utilizes BitRank Verified(TM) software at the heart of its platform and facilitates crypto trading via its cutting-edge Mobile and Web applications. For more information please visit our website www.netcoins.com.

TerraZero Technologies Inc. is a vertically integrated Metaverse development group and leading Web3 technology company specializing in helping brands create immersive experiences. TerraZero's Metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences where enterprise-level businesses, metaverse platforms, and Web3 creators can seamlessly bridge and actionably grow their virtual world and the physical world endeavors together as one. TerraZero owns digital real estate for brands to establish presence in existing virtual worlds and can also offer brands their own private worlds to provide offices and services to those interested in the metaverse. Furthermore, TerraZero acquires, designs, builds, and operates virtual assets and solutions to monetize the metaverse ecosystem. TerraZero's businesses are segmented into five (5) divisions which include: (1) immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) development of the Intraverse. TerraZero aims to support the community, foster innovation, and drive adoption. For more information, please visit https://terrazero.com/ or contact hello@terrazero.com.

We seek Safe Harbor.

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