– GlobalBlock Digital Asset Trading reports unaudited key performance indicators (KPIs) at end November 2021 –
– KPIs demonstrate GlobalBlock’s strong position as a service-oriented crypto trading service provider to serve HNWIs –
London, United Kingdom and Vancouver, British Columbia – (Newsfile Corp. – January 10, 2022) – GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the “Company” or “GlobalBlock”) is pleased to announce that the Company’s wholly owned operating subsidiary, GlobalBlock Limited (“GlobalBlock UK”), has experienced a significant increase in business activity. This increase materialized in the past year. ‘lack of significant marketing activities to acquire new clients, which is expected to intensify in the first quarter of 2022 once the new trading application is launched.
The following elements are available in graphic form on our corporate website: https://www.globalblockdigital.com/investor-information.
Highlights of the period 2021 (unaudited) and associated growth / evolution:
|Average trade size **||March – November||CA $ 106,634|
|Total client assets *** held||March – November||$ 21.4 to $ 43.4 million Canadian: + 103%|
|Total number of active clients ****||january – november||186 to 431: + 132%|
|Total transactions per month||july – november||163 to 719: + 341%|
|Income per month||july – november||CA $ 135,000 to $ 274,000: + 104%|
* The Company finalized its business combination with GlobalBlock UK in July 2021 and continues to integrate the activities and refine the internal procedures required of a public company. As such, it has been determined that the various periods disclosed above (rather than a uniform period, for example, from July to November) provide a more accurate picture of the performance of the company and, in certain circumstances, include the decline of the crypto market from March to July. 2021.
** Value of all transactions divided by the number of transactions over the period.
*** Client assets are defined as the total of fiduciary and digital assets held for clients, calculated at the end of each month.
**** An active customer is someone who has traded with GlobalBlock.
Rufus Round, CEO of the company, said:
“2021 has been a very exciting year for GlobalBlock and with the wider adoption of digital assets it has allowed us to build a solid foundation for the future. KPIs demonstrate the effectiveness of our main key business differentiator, which targets wealthy people.with our service proposition.This success to date has been achieved without undertaking any significant marketing or communications activity, something that we plan to begin in the first quarter of 2022 in conjunction with the launch of improved technology which will be the basis of our growth. “
ABOUT THE COMPANY
GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose wholly owned subsidiary, GlobalBlock Limited (https://www.globalblock.co.uk), is a UK based digital asset broker providing personalized phone brokerage service, trading platform and mobile app. Founded in 2018 by an experienced team of financial services professionals, GlobalBlock Limited acts as a trusted agent serving the digital asset needs of individuals, businesses, institutional financial firms and intermediaries, providing best execution and custody. secure digital assets.
GlobalBlock Limited has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Payer Information) Regulations 2017 as a crypto-asset business until March 31, 2022, pending the decision of the request by the Financial Conduct Authority. At present, GlobalBlock Limited only accepts clients resident in the UK and Ireland for its digital asset brokerage or trading services.
For more information, please contact the Company at:
Rufus Round, CEO
c / o 65 Curzon Street, London, W1J 8PE, United Kingdom
Phone. +00 44 20 3286 2904
Quote Dewe Rogerson
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this press release constitutes forward-looking statements or information. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “could”, ” will be ”,“ intend ”,“ could ”,“ could ”,“ should ”,“ believe ”and similar expressions. In particular, this press release contains forward-looking statements regarding, among other things, the continued and successful development of the businesses of each of the Company and GlobalBlock Limited, the ability of GlobalBlock Limited to obtain applicable regulatory approvals (including registration with the Financial Conduct Authority in the United Kingdom) to continue to conduct its business and other information regarding the intentions, plans, future actions and future successes of the Company, as well as its activities, technologies and products described in the present document. Forward-looking statements are based on the opinions and expectations of the Company’s management as of the effective date of such statements and, in some cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions and that information obtained from third-party sources is reliable, it cannot guarantee that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on any forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will be achieved. By their nature, forward-looking statements involve many assumptions, known and unknown risks, and uncertainties that contribute to the possibility that predictions, forecasts, projections and other forward-looking statements will not be achieved, which may cause them to differ. actual results of future periods. materially any estimates or projections of performance or future results expressed or implied by these forward-looking statements. These risks and uncertainties include, among others, the risk factors set out in the Company’s most recent MD&A, a copy of which is filed on SEDAR at www.sedar.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as of the date hereof and unless otherwise required by law, the Company does not intend, nor assumes any obligation, to update these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109520