Bigg Digital Assets says Netcoins continues to see ‘significant growth’

BIGG Digital Assets is pleased to update investors on its recent trading and platform performance as the crypto market rises. With crypto market conditions steadily improving throughout 2023, Netcoins has seen consistent trading volumes. Most recently, the crypto market has seen significant gains from Bitcoin, Ethereum and a surge amongst a number of alt-coins. With momentum gaining around a number of BTC and ETH ETF Filings in the United States ahead of the April Bitcoin halving, the market is showing signals of renewed interest in crypto trading and investing. Netcoins has continued to see growth in the platforms’ Assets under Custody. As of November 15, 2023. Netcoins total Assets under Custody is $81.2 Million. Netcoins has seen double digit growth month over month from September through October, with a rise in AUC of $10M during each month. Monthly trading volumes have increased significantly. In October, Netcoins saw $22M in overall trading volume on the platform. For the first 15 days of November, Netcoins has seen over $25M in trading volume on the platform, and will have its largest volume month of the year. Over $225M worth of crypto assets have been traded on the Netcoins platform year to date, which shows the stability and liquidity of the operation. At the start of October, Netcoins hired Andrew Bulman as its North American Lead for Netcoins OTC Sales and Trading. Just 6 weeks into the launch of the desk Netcoins OTC has seen a deal flow of over $12.6M with significant momentum created heading into the month of November. Netcoins Staking has seen increasing adoption of staking since launching the service on May 31, 2023. As of November 15, 2023, 11.3% of client ETH holdings are staked. This represents a steady increase since June 2023 when Netcoins saw 6.5% of client ETH holdings staked. Netcoins Pay is a free debit card with no credit required allowing registered Netcoins Canada users to make every day purchases using their card wherever Mastercard is accepted. Netcoins offers a 1% Bitcoin reward to its customers for every dollar that they spend using the card. Over $9M has been spent using the Netcoins Pay Mastercard by Canadian users this year, a number that will pass $10M by the end of November. The card has seen strong adoption since its inception and has paid out nearly $55,000 Bitcoin rewards to users for making payments with the card in 2023.