Netcoins Projects $1B 2025 Trading Volume, Leverages $24.9M Treasury and Canadian Market Leadership

BIGG Digital Assets Inc. (OTCQX: BBKCF) has announced that its flagship cryptocurrency trading platform, Netcoins, is projected to surpass $1 billion in total trading volume for 2025, with $556 million already recorded in the first half of the year [2]. The division, which has generated revenue for two consecutive years, anticipates $12 million in 2025 revenue, supported by a $9 million expense forecast [1]. This progress is attributed to a strategic focus on leveraging BIGG’s treasury—a $24.9 million aggregate portfolio including $6.3 million in cash and $18.6 million in cryptocurrency, 65% of which is Bitcoin [3]. The company emphasizes that its treasury is actively utilized to fuel trading operations, creating a feedback loop where increased volume drives further cryptocurrency purchases and revenue growth [3].

The projected milestone positions Netcoins as the sole publicly listed and audited Canadian cryptocurrency exchange post-merger, following Robinhood’s pending acquisition of Wonderfi (TSX: WNDR) and subsequent delisting. BIGG highlighted this as a strategic opportunity to attract Canadian customers and shareholders seeking a local partner, with plans to launch a targeted customer acquisition campaign [3]. The company’s leadership also cited the competitive advantage of operating without debt while maintaining a long-term Bitcoin holding strategy since 2017 [3].

Analysts note that Netcoins’ ability to sustain profitability amid a volatile crypto market underscores its operational resilience. The division’s $556 million H1 2025 volume, combined with a revenue-to-expense ratio of 1.33:1, reflects disciplined cost management and efficient capital allocation [1]. BIGG’s treasury strategy, which ties trading activity to treasury growth, could further differentiate it from peers with passive crypto holdings. However, the company acknowledged risks tied to cryptocurrency price fluctuations and competitive pressures, particularly in the Canadian market [3].

BIGG’s shareholder communications will emphasize Netcoins’ market position and growth trajectory, leveraging the delisting of Wonderfi as a catalyst for customer acquisition. The interim CEO, Dan Reitzik, reiterated confidence in the division’s ability to attract clients and investors previously served by competitors [3].

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[1] Seeking Alpha, [2] Morningstar, [3] GlobeNewswire

[1] https://seekingalpha.com/news/4473303-bigg-digital-assets-division-netcoins-on-track-to-exceed-1b-in-total-trading-volume-for-2025

[2] https://www.morningstar.com/news/globe-newswire/9501955/bigg-digital-assets-provides-treasury-and-h1-2025-update-adds-jonathan-vlassopulos-former-vp-at-roblox-and-former-ceo-napster-as-board-advisor

[3] https://www.globenewswire.com/news-release/2025/07/29/3123222/0/en/BIGG-Digital-Assets-provides-Treasury-and-H1-2025-Update-Adds-Jonathan-Vlassopulos-former-VP-at-Roblox-and-former-CEO-Napster-as-Board-Advisor.html