Mr. Dan Reitzik reports

NETCOINS ANNOUNCES UNAUDITED Q1 2024 RESULTS

Bigg Digital Assets Inc. has released Netcoins' unaudited first quarter (Q1) 2024 results.

Highlights:

• Q1 2024 recorded quarterly revenue of $3.1-million, an increase of nearly 180 per cent compared with calendar Q1 2023;
• Netcoins' crypto trading platform processed approximately $265-million in crypto trading volumes in Q1 2024, compared with $60.8-million in Q1 2023;
• Netcoins had total cash, digital assets and investments of approximately $21-million as at March 31, 2024;
• Netcoins' assets under custody is now over $127-million as at March 31, 2024;
• Bigg Digital Assets had total cash, digital assets and investments of approximately $30-million as at March 31, 2024.

Q1 2024 crypto trading highlights:

• Registered users increased by approximately 14 per cent in Q1 2024 versus Q1 2023;
• Transacting users increased by approximately 50 per cent in Q1 2024 versus Q1 2023;
• Total trading revenue increased by approximately 180 per cent in Q1 2024 versus Q1 2023 and approximately 65 per cent versus Q4 2023;
• Total trading volume increased by approximately 300 per cent in Q1 2024 versus Q1 2023, and approximately 130 per cent versus Q4 2023;
• Netcoins' pay card transaction volume increased by approximately 35 per cent in Q1 2024 versus Q1 2023, with users spending over $2.6-million on the card during Q1 2024.

"Netcoins' Q1 2024 trading volume surpassed 90 per cent of the entire volume generated in the 2023 fiscal year, which points to the inflows to the crypto market that have occurred during the first quarter of the year and the tremendous support that our clients have shown in Netcoins," remarked Fraser Matthews, Netcoins' chief executive officer.

Netcoins OTC (over-the-counter) trading desk has traded approximately $120-million worth of crypto since its relaunch in Q4 of 2023 and is led by Andrew Bulman. "Our OTC desk saw considerable growth throughout Q1 2024. We operate in a fast-moving and competitive space, and we are focused on developing and growing our products and services to better suit our clients' needs. We're also ramping up our account management and sales efforts, enabling us to continue providing a comprehensive and unparalleled trading experience for corporates, institutions and qualified private investors. Netcoins is looking to partner with these client types that require a flexible OTC trading venue within Canada and the United States."

Q1 2024 Netcoins USA highlights:

• Netcoins USA signed an agreement with Zero Hash to expand across 48 states, with over 60 crypto assets available for trading in 2024. Netcoins will continue to operate as usual before cutting over to the Zero Hash licensing and infrastructure in the United States.
• Netcoins USA will provide services to high-net-worth individuals and corporate clients through a bespoke client management support model. To expedite the growth of this segment, Netcoins USA expects to expand its sales team in Q2 2024, with a focus on hiring in the U.S. market.

"We are excited about the opportunity to further tap into the U.S. market and to service the high-net-worth, corporate and small business client segments. Partnering with Zero Hash, an experienced crypto infrastructure provider, enables us to rapidly launch across 48 states while minimizing our regulatory and operational overhead. This arrangement allows our teams to fully focus on new client acquisition while providing industry-leading experiences for our existing client base," said Kim Dwyer, Netcoins' chief operating officer.

Q1 2024 Netcoins Canada crypto staking highlights:

• Netcoins had staking assets under management over $3.6-million ethereum (ETH);
• Netcoins' staking program added solana (SOL) and cosmos (ATOM), which launched on March 26, 2024;
• To celebrate the addition of these assets, Netcoins Canada will offer no fee staking for both SOL and ATOM in 2024. This staking promotion allows users to increase rewards earned on SOL and ETH by choosing Netcoins as their staking service provider.

"We are evolving as a diversified digital asset company, seeking to capitalize upon inherent, existing synergies in our operating businesses, and expanding our presence in the crypto ecosystem," said Dan Reitzik, Bigg Digital Assets' interim CEO. "Bigg's recent successful financing is a testament to the strength, resilience and growth prospects of its businesses. The financing enhances Bigg's financial flexibility, key for executing our strategic growth plans and generating long-term shareholder value. We are well capitalized, with current combined cash and crypto holdings of approximately $30-million. Until recently, share prices of crypto-related stocks were directly correlated with the rise and fall of crypto prices, regardless of the business itself. Moving forward, we believe that publicly traded crypto companies will likely be valued not just by the overall crypto markets and crypto prices, but also similarly to traditional high-growth technology companies -- based on revenues, growth, product offerings et cetera. We are pleased with Netcoins' Q1 2024 results and are focused on all of Bigg's divisions to follow suit, with expected user growth, and launching of new products and services aimed at larger audiences."

Bigg's unaudited consolidated interim financial statements, and related management's discussion and analysis, for the three months ended March 31, 2024, will be prepared and filed on SEDAR+ within the regulatory filing timelines.

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 secure crypto trading in Canada and the United States, with a mission to make crypto trading easy. Netcoins has a robust product offering with over 40 assets for crypto trading, Netcoins Pay Mastercard and staking (Canada only). Netcoins facilitates crypto trading via its cutting-edge mobile and Web applications, and through its OTC trading desk.

We seek Safe Harbor.