Canadian cryptocurrency exchange Netcoins has announced that November 2020’s trading volumes have exceeded $23 million, setting a new monthly record.
Netcoins is a subsidiary of BIGG Digital Assets, which is listed on the Canadian Securities Exchange.
The Netcoins platform has also seen significant growth on both a monthly and yearly scale, with a 726% year-to-date increase and a 60% monthly increase.
Monthly active users has jumped by 2429% this year while assets under custody has staggeringly risen by 1,087%.
Netcoins president, Mitchell Demeter, said: “The global and Canadian cryptocurrency markets have continued to mature and accelerate in 2020. Netcoins’s mission is to make it easy for everyone, new and experienced traders alike, to participate in the financial revolution of crypto.
“And it is working. Canadian customers are trusting us with their investing dollars, as evidenced by 112% Assets Under Custody growth in a single month. They are also trading a lot more, with 40% more active users in a month performing 63% more transactions (MoM). We look forward to providing further updates to our shareholders in the near future.”
BIGG Digital Assets announced in November that it had increased its Public Offering to $6 million amidst rising demand.
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