VANCOUVER British Columbia, March 28, 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, is pleased to announce the launch of 5 new coins on the platform: SHIB, DOGE, MATIC, FTM and MANA.
On March 24th, Netcoins received approval for an update to its restricted dealer license, which was requested in late 2021, enabling a broader offering of coins on the platform. These 5 coins represent the first rollout of our upcoming coin additions, with multiple rollouts expected to follow.
Information on SHIB, DOGE, MATIC, FTM, and MANA can be found on coinmarketcap.com at the links below:
https://coinmarketcap.com/currencies/shiba-inu/
https://coinmarketcap.com/currencies/dogecoin/
https://coinmarketcap.com/currencies/polygon/
https://coinmarketcap.com/currencies/fantom/
https://coinmarketcap.com/currencies/decentraland/
US Expansion
Netcoins would also like to provide an update on US expansion. The company has made the strategic decision to push the US launch beyond Q1 2022 for three reasons. First, Netcoins wants to deploy a wider range of coins on the platform, prior to launch, in order to offer a highly competitive product in the US market. Second, the team has found a number of US focused service providers, (not currently integrated into the Canadian product), which will be implemented in order to offer a superior KYC and customer experience to US customers. Finally, the regulatory landscape in the US continues to evolve with the recent Biden executive order, and our legal team is ensuring we are set for a smooth launch. Despite the postponement, we continue to push towards a successful launch in the US in 2022 as soon as possible. Netcoins has secured US banking, adopted a US compliance program, established its US MSB license and provided “No-Action Letters” to Texas and California indicating our intention to launch a crypto trading platform in their jurisdictions.
Mark Binns, Netcoins CEO, remarked “We are thrilled to bring new coins to the Netcoins customer base to trade, HODL and sell. The addition of more coins will make our platform a better one-stop shop and drive assets under custody and increase trading revenues. On just the second day since launch, SHIB, DOGE, MATIC, FTM, and MANA already accounted for 12% of daily r evenue. These coins are the first of a series to be launched on the platform, which will then make Netcoins more robust and competitive to enter the US market. We look forward to providing more coin addition updates in the very near future.”
On behalf of the Board
Mark Binns
CEO
ir@biggdigitalassets.com
Investor Relations
Victoria Rutherford
Victoria@adcap.ca
T: 1.480.625.5772
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io) and TerraZero (terrazero.com).
Blockchain Intelligence Group builds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on our technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments.
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 Netcoins.app.
TerraZero is a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space. The Company’s Metaverse agnostic vision is to develop, acquire, and finance the Metaverse’s most promising companies, entrepreneurs, and developers. TerraZero also owns digital real estate and provides offices and services to those interested in the Metaverse. Furthermore, TerraZero acquires, designs, builds, and operates virtual assets and solutions to monetize the Metaverse ecosystem. The Company’s businesses are segmented into five (5) divisions which include: (1) virtual real estate; (2) advertising; (3) data analytics; (4) events and marketing; and (5) infrastructure. TerraZero aims to support the community, foster innovation, and drive adoption.
Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.
