Bigg Digital Assets (BIGG.C) subsidiary Netcoins bolstered their daily revenue over the $100,000 mark for the first time on February 22, 2021, according to a press release.
At first glance the above opening line may not seem like much: a cryptocurrency exchange pulls in more revenue. Who cares? Except when you look closer, the number becomes a bit more significant. Each trade, be it buy, sell or withdrawal, costs the user 0.5% of their stake, which goes into Netcoins pocket. To get to a $100K implies a fair amount of business done everyday.
“We are excited to see Netcoins cross the daily $100k revenue mark for the first time. We have seen a steady increase in daily volume and revenue all year, but this is a great watermark to hit. Our daily verified customer onboarding has quadrupled since December, and our customers are trading in higher volumes. Our product continues to evolve and our customer feedback has been overwhelmingly positive around product ease of use. We look forward to providing more updates to shareholders in the near future,” said Mitchell Demeter, president of Netcoins.
Bigg Digital Assets is working towards bringing on a future for cryptocurrency that is safe, complaint and regulated. It invests in companies, like Netcoins, that are in support of this vision. Netcoins is involved in brokerage and exchange software to make buying and selling crypto widely and easily accessible to the average consumer and investor in a way that’s safe, regulated and compliant.
Traders have the option of trading Bitcoin, Litecoin, Ethereum, Bitcoin Cash and QCAD, or the Canadian stablecoin, Tether, or Ripple.
Bigg Digital Assets is down $0.17 today, and presently trading at $1.12.
—Joseph Morton
