Momentum buildingSeems to be some real growth here and as their marketing campaign gets underway, this could be very exciting:
GlobalBlock Reports Significant Key Metric Increases to End November 2021
- GlobalBlock Digital Asset Trading reports unaudited Key Performance Indicators (KPIs) to end November 2021 -
- KPIs demonstrate GlobalBlock's strong position as service driven provider of crypto trading services to servicing 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 Company's wholly owned operating subsidiary, GlobalBlock Limited ("GlobalBlock UK") has seen a significant increase in business activity. This increase has materialised in the absence of any meaningful marketing activities to acquire new customers, which is scheduled to ramp up in Q1 2022 once the new trading app has been launched.
The following are available in graphic form on our corporate website: https://www.globalblockdigital.com/investor-information.
2021 Period Highlights (unaudited) and related growth / change:
| KPI | PERIOD* | CHANGE |
| Average Trade Size** | Mar - Nov | CAD $106,634 |
| Total Client Assets*** Held | Mar - Nov | CAD $21.4 to $43.4m: +103% |
| Total Active Clients**** | Jan - Nov | 186 to 431: +132% |
| Total Trades per month | Jul - Nov | 163 to 719: +341% |
| Revenue per month | Jul - Nov | CAD $135k to $274k: +104% |
*The Company completed its business combination with GlobalBlock UK in July 2021 and continues to integrate the businesses and refine the internal procedures required of a public company. As such, it has been determined that the differing periods disclosed above (rather than a uniform period of for example, Jul - Nov) provides a more accurate picture of the Company's performance, and in some circumstances include the crypto market decline from March to July 2021.
** Value of all trades divided by number of trades over the period.
***Client Assets is defined as the total of fiat and digital assets held for clients calculated at each month end.
**** An active client is someone who traded with GlobalBlock.
Rufus Round, CEO at the Company, said:
"2021 was a very exciting year for GlobalBlock and with digital assets becoming more widely adopted, it has allowed us to build a solid foundation for the future. The KPIs demonstrate the effectiveness of our primary key commercial differentiator, which is targeting High Net Worth Individuals with our service led proposition. This success to date has been achieved without undertaking any considerable marketing or communications activity, something we plan to commence in Q1 2022 in conjunction with the launch of enhanced technology that will be foundational for our growth."
https://www.newsfilecorp.com/release/109520