Core Viewpoint - BIGG Digital Assets Inc. announced that its subsidiary Netcoins has received a two-year extension for exemptive relief from the British Columbia Securities Commission, allowing it to continue operating a crypto trading platform in Canada [1][2]. Group 1: Company Developments - Netcoins has a growing customer base and consistent trading activity, maintaining a balance sheet that meets regulatory capital requirements [2]. - The extension of the exemptive relief positions Netcoins to apply for registration as an investment dealer and CIRO dealer member by June 1, 2026 [2][5]. - The CEO of Netcoins expressed excitement about the extension, emphasizing the company's commitment to compliance and transparency in the crypto trading space [3]. Group 2: Regulatory Compliance - Netcoins must comply with specific conditions outlined in the decision document, including achieving a positive risk-adjusted capital calculation by January 31, 2026, and submitting a complete CIRO membership application by June 1, 2026 [3][4]. - Failure to meet these milestones may result in operational restrictions, including a potential wind-down of operations in Ontario [3]. Group 3: Future Outlook - The company is committed to actively working towards submitting the CIRO membership application and believes that management will meet the required milestones [5].

Core Viewpoint - BIGG Digital Assets Inc. reports strong preliminary financial guidance for Netcoins' Canadian operations in Q1 2025, highlighting profitability and growth in trading volume and revenue compared to the previous year [1][4]. Financial Performance - Q1 2025 trading volume reached approximately $334 million, a 26% increase from Q1 2024's $265 million [6]. - Total expected trading and staking revenue for Q1 2025 is $3.3 million, up 6% from $3.1 million in Q1 2024 [6]. - Operating expenses decreased to roughly $2.1 million in Q1 2025 from $2.6 million in Q1 2024 [6]. - Net loss for Q1 2025 was approximately $676,000, influenced by unrealized losses of $2.05 million on crypto inventory due to price declines [6]. - Normalized income for Q1 2025 was $1.38 million, compared to $239,000 in Q1 2024 when adjusted for unrealized gains or losses [6]. Asset Growth - Netcoins' cash and digital assets valued at approximately $16.9 million as of March 31, 2025, representing a 114% increase from $7.9 million a year earlier [6]. - Assets under Custody (AUC) increased to $168 million as of March 31, 2025, up approximately 92% from $87.4 million in the previous year [6]. Strategic Developments - Netcoins became an Alliance Partner with Circle (USDC), marking it as the first Canadian Crypto Trading Platform (CTP) to join the program [6]. - The company launched an updated version of the Netcoins Web Application, featuring TradingView and a new design [6]. - Eight new coins were added for trading, including Sonic, Fetch AI, and Floki [6].