Highlights

  • In Q3, BIGG reported $2.62M in revenue, up 308% YoY, but down 42% QoQ, missing our expectations, amid a decline in global crypto trading volume due to weaker crypto prices. For comparison, Coinbase Global (NASDAQ: COIN) – operator of the largest crypto exchange in the U.S. – had experienced 39% QoQ revenue decline in the quarter.
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