Mr. Dan Reitzik reports

BIGG DIGITAL ASSETS SUBSIDIARY NETCOINS ANNOUNCES Q4 RESULTS AND THE LAUNCH OF NETCOINS CRYPTO TRADING API

Bigg Digital Assets Inc., owner of TerraZero, Netcoins and Blockchain Intelligence Group, has released select unaudited financial results for Netcoins' Q4 2023 and has launched its crypto trading API (application programming interface).

Assets under management and revenues continue to grow

Netcoins' Q4 revenue totalled approximately $1.83-million, which was up nearly 60 per cent from Q3 revenues of $1.08-million. During Q4, Netcoins saw significant trading volume, processing over $109-million worth of transactions, accounting for nearly 38 per cent of Netcoins 2023 volume, which was $286-million. Netcoins also saw a 57-per-cent rise in staked ethereum on the platform from Q3 to Q4.

Netcoins launched its OTC (over-the-counter) trading desk in October, 2023, which helped to propel Netcoins trading. Over $21-million was traded through Netcoins enterprise and OTC trading desk during Q4, led by Andrew Bulman, head of OTC sales and trading.

"Enterprise and OTC trading clients will continue to be a focus for Netcoins in 2024 -- we see it as a significant growth area for the company. Whether it is bespoke solutions, deep liquidity, or best-in-class rates and services, we are committed to providing Canadian and U.S. clients with a great trading experience," said Fraser Matthews, Netcoins' president. "There is significant interest on both sides of the border in adding bitcoin and other crypto assets to balance sheets at an enterprise level, and with yesterday's SEC [Securities and Exchange Commission] approval of the first-ever bitcoin spot ETF [exchange-traded fund] in the U.S., it is clear that confidence in the sector is growing. We believe that this will have a positive impact for Netcoins from a trading perspective. With inflows of capital to the crypto industry, it is a clear signal that not only will bitcoin continue to gain investor confidence, but other crypto assets available on Netcoins will garner newfound attention that can bolster portfolio value. While ETFs are important channels for investors to gain exposure to bitcoin, we are now less than 100 days from the next bitcoin halving, which could trigger investors who want to hold the physical asset (bitcoin directly) to purchase it for their own personal wallet(s). Over all, we believe that it will be a big year for bitcoin and the crypto industry as a whole."

Netcoins ended Q4 with over $105-million in assets under custody, based on a combination of crypto ($85.5-million) and customer fiat ($21-million). Crypto under custody grew quarter-over-quarter (QoQ) by 72 per cent.

Netcoins crypto trading API is live

After operating its crypto trading API on an invitation-only basis over the last 18 months, Netcoins is launching its crypto trading API to both Canadian and U.S. enterprises that are looking to build customizable crypto solutions, while leveraging Netcoins trading capabilities, market data and deep liquidity. The Netcoins crypto API empowers individual and institutional traders to automate their trading activities with both Canadian- and United States-dollar pairs available. Partners can take advantage of low-latency, reliable API end points for crypto trading and data using live prices.

Preliminary unaudited financial information

The financial and operating results included in this news release are based on preliminary unaudited estimated results which have not yet been finalized or, in the case of annual results, audited. These estimated results are subject to change upon completion of the financial statements for the year ended Dec. 31, 2023, and the audit of such financial statements and such changes could be material due to, among other things, the completion of Bigg's financial closing procedures, final adjustments, review by Bigg's auditor and other developments that may arise between now and the time the financial results are finalized. Accordingly, such estimated results are forward-looking statements within the meaning of applicable securities legislation, and are subject to the limitations and risks described under forward-looking statements.

Bigg anticipates filing its audited annual financial statements for the year ended Dec. 31, 2023, and related management's discussion and analysis, on SEDAR+ in late April, 2024.

About Bigg Digital Assets Inc.

Bigg Digital Assets 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, Blockchain Intelligence Group and TerraZero.

Netcoins offers safe and secure crypto trading in Canada and the U.S., 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 Blockchain Intelligence Group software at the heart of its platform, and facilitates crypto trading via its cutting-edge mobile and Web applications.

We seek Safe Harbor.