VANCOUVER, British Columbia, May 02, 2022 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”)(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and Blockchain Intelligence Group (blockchaingroup.io) (“BIG”), a leading developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to report its fiscal 2021 financial results. All figures are in Canadian Dollars (CAD) unless otherwise stated.
2021 Highlights:
- Gross operating revenue of $14.1M (up 461% Year-over-Year (YoY)), with $12.5M for Netcoins (up 712% YoY) and $1.6M for Blockchain Intelligence Group (up 64% YoY)
- Netcoins Q4 revenue was $2.78M representing 250% growth versus the same three months in 2020
- Customer accounts grew 32% in Q4 Quarter-over-Quarter (QoQ), transactions grew 42% (QoQ), and Quarterly Active Users grew 53% QoQ.
- Customer fiat deposits exceeded $91M in the quarter.
- Gross trading margins exceeded 1.3% in Q4
- BIG’s Q4 revenue was $486k, representing 123% growth versus Q4 2020, with gross margins of 83%
- As of December 31, 2021, BIGG’s cash and crypto holdings were ~$65 million
- The Company has no debt
Further Highlights:
- BIGG currently owns 575 Bitcoin, valued at approximately $28M
- Netcoins currently has customer Assets Under Custody of approximately $73M
- Netcoins registered users now exceeds…
