BIGG Digital Assets Inc. (CSE:BIGG, OTCQX:BBKCF), a diversified “compliance-first” crypto company, believes the future of cryptocurrencies lies in a compliant and regulated ecosystem. Chief Executive Officer Mark Binns told Proactive in a recent interview that the market is increasingly recognizing the need for compliant entities, especially in light of the FTX and Voyager Digital catastrophes.
“To operate in Canada, we follow very strict regulations for the storage and security of our customers’ data and their crypto assets, so that makes us safer than other, non-regulated exchanges,” Binns explains. BIGG Digital works across three different areas within the cryptocurrency space: trading, forensics, and Web3/Metaverse. Additionally, the company has minority investments in ZenLedger and LQwD Fintech, and holds around 200 Bitcoins on its balance sheet.
The wholly-owned, regulated Canadian crypto trading platform Netcoins is the company’s flagship product. BIGG Digital helped Canada pioneer its cryptocurrency regulations, and is now expanding into the US market. The company plans to add staking and more assets to Netcoins, as well as continue with its crypto forensics business, Blockchain Intelligence Group (BIG).
BIG provides tools to law enforcement to reduce crypto crime, including Qlue and BitRank Verified, and offers cryptocurrency training to organizations. Binns notes that the space has high barriers to entry, and that BIG faces limited competition.
The company also holds a 30% stake in Web3 company TerraZero, which is run by Dan Reitzik, the founder of DMG Blockchain Solutions. TerraZero generates revenue from a range of Web3-related services, including land purchase and resale, land leasing and renting, virtual asset design, land brokering, and event hosting. Binns expects to see significant growth from TerraZero for brand activations in the Metaverse in the coming months.
Binns is confident Bitcoin prices will top six figures in the next crypto bull run, which he believes will be sparked by the upcoming Bitcoin halving in April 2024. He predicts that “when crypto runs, it usually runs very aggressively.” BIGG Digital is thus positioned to take advantage of the next bull market, as it continues to build its business and add customers.
