Bigg Digital Assets says Netcoins trading volume exceeds C$100M in November

BIGG Digital Assets (BBKCF) announces Netcoins is seeing record-breaking trading activity on its Canadian trading platform during November. Netcoins trading volume exceeded $100m CAD in November, largely driven by Bitcoin price appreciation and a momentous shift to a positive crypto sentiment in the industry; Netcoins generated over $1,500,000 CAD in revenue during November, its second-highest month of the year, while Operating Costs are anticipated to be consistent with previous months of 2024; Bitcoin has seen sharp increases in price since the US elections, reaching $140,000 CAD / $99,000 USD in value. Several crypto assets are seeing major gains in the market, including XRP, SOL, ADA and HBAR; Netcoins currently has customer Assets Under Custody of ~$174.9M; BIGG Digital Assets holds 100 Bitcoin on its Balance Sheet. “The crypto market has seen tremendous growth following the United States Presidential election. Bitcoin itself has seen a 40% rise in value since the election, and could potentially surpass $100,000 USD in value”, said Netcoins CEO Fraser Matthews. The trading volume for November has been over $100m CAD. Based on this volume, Netcoins has generated $1.5m CAD in revenue, a 240% increase over November 2023. We have seen growth in trading volumes, client registrations and assets under custody.”