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Bigg Digital Assets Inc
Symbol BIGG
Shares Issued 195,362,627
Close 2021-07-20 C$ 0.92
Market Cap C$ 179,733,617
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Bigg Digital has Q2 2021 revenue of $4.6-million

2021-07-20 10:57 ET - News Release

Mr. Mark Binns reports

BIGG DIGITAL ASSETS INC. ANNOUNCES RECORD QUARTERLY REVENUE AT CAD ~$4.6 MILLION, AND 880% YEAR OVER YEAR GROWTH

Bigg Digital Assets Inc. has received a record quarterly revenue of approximately $4.6-million for Q2 2021.

Netcoins revenue was approximately $4.2-million for Q2, representing approximately 26 per cent quarter-over-quarter growth, and over 1,900 per cent year-over-year growth.

Further, Netcoins reports:

  • Active users reached approximately 19,000 during Q2, growing 40 per cent QoQ, and 1,880 per cent YoY;
  • Registered users now exceeds 80,000;
  • Individual transactions/trades grew by 32 per cent QoQ and 1,400 per cent YoY;
  • Trading margins continue to track above 1 per cent.

For Blockchain Intelligence Growth, revenue in Q2 grew to approximately $400,000, up 33 per cent quarter-over-quarter.

All figures above are preliminary and unaudited and subject to final adjustment. Numbers above do not include gains or losses on digital asset inventory.

Bigg's chief executive officer, Mark Binns, commented: "Bigg Digital had an excellent Q2 reaching our highest quarterly revenue figure to date, with substantial growth quarter over quarter and year over year. Both business units, Netcoins and BIG, grew significantly in Q2 showing the strength and diversity of our revenue base. Netcoins is working to release their mobile app shortly, once Beta testing is completed, and continues to work with the CSA on their restricted dealer licence. Netcoins is also planning to launch in the U.S. in H2 2021, and is working on a number of new products. We will provide further details on these initiatives soon. BIG, with the recent expansion of their sales and marketing teams, including Mr. Callahan and Mr. Fasanello, is poised for a strong second half of 2021. The crypto markets we operate in are volatile, and cyclical, but BIGG continues to execute and grow it's business for all shareholders. We look forward to providing full Q2 2021 financials in August."

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 owns two operating companies: Netcoins and Blockchain Intelligence Group.

Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at the Netcoins app.

Blockchain Intelligence Group (BIG) has developed a Blockchain-agnostic search and analytics engine, QLUETM, enabling law enforcement, RegTech, regulators and government agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. The company's commercial product, BitRank Verified, offers a risk score for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges and retailers to meet traditional regulatory/compliance requirements.

We seek Safe Harbor.

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