BIGG Digital Assets (BBKCF) Stock Extends Rally: But Why?

The BIGG Digital Assets Inc (OTCMKTS:BBKCF) stock emerged as one of the notable gainers yesterday. The stock soared by as much as 9%, following a key announcement from the company.

BIGG owns the cryptocurrency brokerage Netcoins and yesterday the company announced that for the month of May 2021, the total revenues came in at around $1.95 million. Netcoins has become a popular crypto brokerage dedicated to facilitating the buying and selling of cryptocurrencies for Canadians.

Netcoins has become one of the pillars for BIGG Digital and the brokerage also provided details with regards to the key metrics for the month of May. The revenue of around $1.95 million represents a significant rise of as much as 22% from the month of April. In addition to that, the total number of monthly transactions or trades on the brokerage soared by 23% from the previous month and the monthly active users grew by 20% month over month as well. Investors need to note that the trading margins have also continued to be more than 1%.