Important factors that could cause actual results to differ materially from BIGG’s expectations include consumer sentiment towards BIGG’s products and Cryptocurrency, Blockchain and Metaverse technology generally, technology failures, the lack of demand for the company’s products and services, fluctuations in the price of cryptocurrency, the ability to successfully define, design, and release new products in a timely manner that meet customers’ needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the ability to obtain and/or maintain licences, permits and approvals that are necessary to operate the business; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; increase in costs and expenses; the dependence on key personnel; competition; the demand and pricing of cryptocurrencies and NFTs (including digital assets); litigation; security threats, including a loss/theft of NFTs, cryptocurrencies, and other assets; and failure of counterparties to perform their contractual obligations.
When comparing the two periods, adjusting to remove the effect of unrealized gains or losses on crypto inventory due to price fluctuation, normalized income for Q1 2025 was $1.38 million and Q1 2024 was $239kNetcoins' cash and digital assets are valued at approximately $16.9 million as of March 31, 2025 (March 31, 2024 - $7.9 million), an increase of 114% from the prior yearNetcoins holds $168 million of Assets under Custody (AUC) as of March 31, 2025 (March 31, 2024 - $87.4 million), an increase of approximately 92% from the prior year Q1 2025 Achievements Netcoins became an Alliance Partner with Circle (USDC), becoming the first Canadian CTP to participate in the programNetcoins launched its updated version of the Netcoins Web Application, including TradingView and a cutting-edge new designNetcoins.com re-launched with an updated look and feelNetcoins launched eight new coins for trading (Sonic, Fetch AI, ONDO, Jupiter, POPCAT, Floki, Virtual, GOAT) "We are excited to continue on the trend of Netcoins' profitability through the first quarter of 2025, following a strong year for growth and profit in 2024,” said Netcoins CEO Fraser Matthews.
Forward-Looking Statements Certain statements in this release are forward-looking statements or information, which include the expected opportunities, outcomes, potential and benefits of the Company’s products and services, the expected filing of its interim financials and MD&A by the end of May 2025, the expected adoption and growth of cryptocurrency and the Company’s products and services, adding additional cryptocurrency assets/coins to Netcoins, evaluating, researching and predicting market trends, re-launching the web trading platform for Netcoins and the expected timeline, the development and completion of products and services, the launch of products and services, events, plans, courses of action, and the potential of the Company’s technology and operations and other matters.
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